secwatch.observer — SEC 8-K summary
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Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2026-10-14T19:32:21+00:00
Accession:  0001213900-26-109385
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 2.03, 2.04, 3.01, 3.03, 5.01, 5.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/0001213900-26-109385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000121390026109385/ea0308422-8k_clear.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-109385

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