Clear Channel redeems remaining series A, B 9¼% senior notes due 2017

By Ashley Montgomery

Kansas City, Kan., Dec. 19 - Clear Channel Outdoor Holdings Inc. subsidiary Clear Channel Worldwide Holdings Inc. has completed the redemption of its remaining $219,545,000 9¼% series A senior notes due 2017 and $555,748,000 9¼% series B senior notes due 2017, the company announced in a news release.

The company previously said the notes would be redeemed at 106.9375 plus accrued interest up to the redemption date.

The redemption followed Clear Channel's tender offer on the notes, which resulted in the purchase of $280.455,000 of the series A notes and $1,444,002,000 of the series B notes tendered by the early tender date of Nov. 16.

Clear Channel Outdoor Holdings is a San Antonio-based outdoor advertising company.

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