trending Market Intelligence /marketintelligence/en/news-insights/trending/QrnrFsFxIh-GrdFeEeEhVg2 content esgSubNav
In This List

Clear Channel Outdoor prices senior secured notes

Blog

Broadcast deal market recap 2021

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


Clear Channel Outdoor prices senior secured notes

Clear Channel Outdoor Holdings Inc. priced an offering of $1.25 billion of its 5.125% senior secured notes due 2027.

The offering is part of a refinancing transaction. Clear Channel plans to enter into new senior secured credit facilities consisting of a $2.00 billion term loan B facility and a $175 million revolving credit facility, which will close concurrently with the new notes offering.

The company intends to use net proceeds from the debt offering to redeem Clear Channel Worldwide's outstanding 6.50% series A and series B senior notes due 2022 and Clear Channel International BV's outstanding 8.75% senior notes due 2020, as well as to pay fees and expenses related to the refinancing transactions.

Clear Channel expects the sale of notes to be completed Aug. 23, subject to customary closing conditions.