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Clear Channel to redeem 5½% senior notes due 2014 via new offering
By Tali Rackner
Norfolk, Va., April 28 - Clear Channel Communications, Inc. plans to deposit the proceeds from a $400 million senior note offering into an escrow account for CCU Escrow Corp. and redeem $408.6 million aggregate principal amount of its 5½% senior notes due 2014, according to a notice.
Clear Channel is a media and entertainment company based in San Antonio.
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