Monday, Clear Channel Outdoor Holdings Inc. (CCO), a Delaware corp., announced the pricing of the $500 million aggregate principal amount of Series A Senior Notes due 2017 and $2 billion aggregate principal amount of Series B Senior Notes due 2017 offered by its indirect, wholly-owned subsidiary, Clear Channel Worldwide Holdings, Inc., a Nevada corporation.
Clear Channel Outdoor Holdings, Clear Channel Outdoor, Inc., a Delaware corp. and wholly-owned subsidiary of Clear Channel Outdoor Holdings or CCOI, and certain other existing and future domestic subsidiaries of Clear Channel Outdoor Holdings will guarantee the notes.
The company said that the notes will be senior obligations that rank pari passu in right of payment to all unsubordinated indebtedness of Clear Channel Worldwide and the guarantees of the Notes will rank pari passu in right of payment to all unsubordinated indebtedness of the Guarantors, including indebtedness owed by CCOI to Clear Channel Communications, Inc., a Texas corporation and the parent of Clear Channel Outdoor Holdings and Clear Channel Worldwide.
Clear Channel Worldwide plans to loan the proceeds from the issuance and sale of the Notes to CCOI, which in turn will use a portion of the net proceeds to repay around $2.0 billion aggregate principal amount of indebtedness owed to Clear Channel Communications.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.