Clear Channel Outdoor to pay down term loan B with notes proceeds

By Sara Rosenberg

New York, Aug. 8 – Clear Channel Outdoor Holdings Inc. plans to prepay a portion of its term loan B due 2026 using proceeds from a $500 million senior secured notes offering, according to a market source.

Remaining funds from the notes will be used to pay related fees and expenses.

Clear Channel Outdoor is a New York-based provider of out-of-home display advertising such as digital billboards, posters, panels, wallscapes and mobile advertising services.

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