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.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.