Clear Channel to redeem $940 million of 9¼% senior notes due 2024

By Taylor Fox

New York, Feb. 1 – Clear Channel Outdoor Holdings, Inc.’s subsidiary Clear Channel Worldwide Holdings, Inc. plans to redeem $940 million of its 9¼% senior notes due 2024 using proceeds from its $1 billion new senior note offering and cash on hand, according to a news release.

The upcoming redemption was announced Jan. 28, subject to new financing.

An offering for $1 billion of new notes due 2028 was announced on Monday.

All related fees and expenses will also be paid.

The issuer is a San Antonio-based out-of-home advertising company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.