secwatch.observer — SEC 8-K summary
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Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001213900-26-040144
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clear Channel Outdoor starts consent solicitation on $2.915B notes to aid merger
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- Consent solicitation covers three series: $865M 7.875% notes due 2030, $1.15B 7.125% notes due 2031, $900M 7.5% notes due 2033.
- Purpose: amend indentures to exclude merger from 'Change of Control' definition, avoiding potential repurchase at 101%.
- Consent payments total $7.2875M ($2.1625M + $2.875M + $2.25M) across series; solicitation expires April 10, 2026.
- Merger expected to close by end of Q3 2026; consent solicitation not a condition to merger completion.
- If consent not obtained, Company must make Change of Control Offer within 30 days at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000121390026040144/0001213900-26-040144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000121390026040144/ea0285093-8k_clear.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-040144

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