Workflow
Senior Secured Notes due 2033
icon
Search documents
Clear Channel Outdoor Holdings, Inc. Announces Pricing of Senior Secured Notes Due 2031 and Senior Secured Notes Due 2033
Prnewswireยท 2025-07-21 21:30
Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has announced the pricing of an offering of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033, with the issuance expected to complete on August 4, 2025 [1] Group 1: Offering Details - The offering consists of $1,150 million of 7.125% Senior Secured Notes due 2031 and $900 million of 7.500% Senior Secured Notes due 2033 [1] - The Notes will be guaranteed on a senior secured basis by certain wholly owned domestic subsidiaries of the Company [2] - The Notes will be secured by a first-priority basis on the Company's and Guarantors' assets, with a second-priority on accounts receivable related to the Receivables Facility [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to redeem all outstanding 5.125% Senior Secured Notes due 2027 and 9.000% Senior Secured Notes due 2028, as well as to pay related transaction fees and expenses [3] Group 3: Company Overview - Clear Channel Outdoor Holdings is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics [5] - The Company aims to broaden its advertiser base by enhancing its advertising platform and delivering measurable campaigns [5]