debt
confidence high
sentiment positive
materiality 0.55
Clear Channel Outdoor amends ABL credit agreement: extends maturity, ups revolver to $250M, ties to pending merger
Clear Channel Outdoor Holdings, Inc.
- Maturity extended to 5 years from effective date of Third Amendment (May 15, 2026).
- Revolving credit commitments increased from $200M to $250M.
- Amendment effective upon and concurrent with closing of merger with Madison Parent Inc.
- 'Change of Control' definition amended so merger does not trigger a default.
- Borrowing base expanded; qualified securitization financings now permitted.
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