8-K
filed October 14, 2026, 3:32 PM ET
ticker CCO
CIK 0001334978
M&A
confidence high
sentiment positive
materiality 0.85
Mubadala Capital completes $6.2B acquisition of Clear Channel Outdoor; $2.43/share cash, stock delisted from NYSE
Clear Channel Outdoor Holdings, Inc.
- Merger closed October 14, 2026: each share converted into $2.43 in cash; total consideration to equityholders ~$1.3B; transaction valued at ~$6.2B.
- Funding: ~$3.3B equity investment by funds affiliated with MIC Capital Management UK LLP (Mubadala), $100M incremental term loans, and Company cash on hand.
- Company deposited ~$1,872.7M with U.S. Bank trustee to pay Oct 15, 2026 interest on 7.750% 2028 Notes and redeem all 2028 and 7.500% 2029 Notes at 100% principal on Oct 24, 2026.
- Wade Davis became President & CEO and Executive Chairman, succeeding Scott Wells; John Halley joined as Chief Commercial Officer; David Sailer is CFO; new board includes Davis, Lynn Feldman, Sailer.
- Revolving credit facility commitment terminated to $0; CCO stock delisted from NYSE with Form 25 and Form 15 deregistration planned; all equity awards cashed out.
Featured in Daily 8-K Digest
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas C. King resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond T. White resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Wells departed as Chief Executive Officer and President at Clear Channel Outdoor Holdings, Inc..
- Action
- separated
- Role
- Chief Executive Officer and President
Exact text from the filing
Effective upon the consummation of the Merger, Scott Wells ceased to serve as Chief Executive Officer and President and separated from the Company and its subsidiaries.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Dionne resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott R. Wells resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Hobson resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
W. Benjamin Moreland resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lisa Hammitt resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Sailer was appointed as director at Clear Channel Outdoor Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Effective upon consummation of the Merger, Wade Davis, Lynn Feldman, and David Sailer were appointed as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lynn Feldman was appointed as director at Clear Channel Outdoor Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Effective upon consummation of the Merger, Wade Davis, Lynn Feldman, and David Sailer were appointed as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jinhy Yoon resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wade Davis was appointed as director at Clear Channel Outdoor Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Effective upon consummation of the Merger, Wade Davis, Lynn Feldman, and David Sailer were appointed as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wade Davis was appointed as President and Chief Executive Officer at Clear Channel Outdoor Holdings, Inc..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
Effective upon consummation of the Merger, Wade Davis was appointed as President and Chief Executive Officer of the Company, which will operate as a private standalone company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy P. Jones resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joe Marchese resigned as director at Clear Channel Outdoor Holdings, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Each of W. Benjamin Moreland, John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, Scott R. Wells, Raymond T. White, and Jinhy Yoon resigned from the Company’s board of directors and from any and all committees of the board of directors on which they served and ceased to be directors of the Company.
View on SEC.gov
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