---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-109385"
form_type: "8-K"
ticker: "CCO"
cik: "0001334978"
company_name: "Clear Channel Outdoor Holdings, Inc."
filed_at: "2026-10-14T19:32:21+00:00"
generated_at: "2026-10-14T19:33:04.495933+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mubadala Capital completes $6.2B acquisition of Clear Channel Outdoor; $2.43/share cash, stock delisted from NYSE

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-109385
- form_type: 8-K
- ticker: CCO
- cik: 0001334978
- company_name: Clear Channel Outdoor Holdings, Inc.
- filed_at: 2026-10-14T19:32:21+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 2.04, 3.01, 3.03, 5.01, 5.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/ea0308422-8k_clear.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-109385
- JSON: https://secwatch.observer/filing/0001213900-26-109385.json
- Plain text: https://secwatch.observer/filing/0001213900-26-109385.txt

## Key facts
- Executive change
  Thomas C. King resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Raymond T. White resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Scott Wells departed as Chief Executive Officer and President at Clear Channel Outdoor Holdings, Inc..
  - Action: separated
  - Role: Chief Executive Officer and President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  John Dionne resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Scott R. Wells resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Andrew Hobson resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  W. Benjamin Moreland resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Lisa Hammitt resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  David Sailer was appointed as director at Clear Channel Outdoor Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: Effective upon consummation of the Merger, Wade Davis, Lynn Feldman, and David Sailer were appointed as directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Lynn Feldman was appointed as director at Clear Channel Outdoor Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: Effective upon consummation of the Merger, Wade Davis, Lynn Feldman, and David Sailer were appointed as directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Jinhy Yoon resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Wade Davis was appointed as director at Clear Channel Outdoor Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: Effective upon consummation of the Merger, Wade Davis, Lynn Feldman, and David Sailer were appointed as directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Wade Davis was appointed as President and Chief Executive Officer at Clear Channel Outdoor Holdings, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Timothy P. Jones resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
- Executive change
  Joe Marchese resigned as director at Clear Channel Outdoor Holdings, Inc..
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.