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Clear Channel plans to redeem 7 5/8% notes due 2020 on March 6
By Marisa Wong
Morgantown, W.Va., Feb. 4 – Clear Channel Outdoor Holdings, Inc.’s indirect wholly owned subsidiary, Clear Channel Worldwide Holdings, Inc., plans to redeem all of its outstanding 7 5/8% series A and series B senior subordinated notes due 2020, according to a press release.
The redemption, set for March 6, is conditioned on closing of an offering of new senior subordinated notes due 2024.
Clear Channel is an outdoor advertising company based in San Antonio.
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