Clear Channel Outdoor Holdings Inc. (CCO) announced the closing of the offering of $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 by its subsidiary, Clear Channel Worldwide Holdings Inc.
Clear Channel Worldwide will loan the proceeds from the issuance and sale of the Notes to Clear Channel Outdoor Holdings, which in turn will use a portion of the net proceeds to repay approximately $2.0 billion aggregate principal amount of indebtedness owed to Clear Channel Communications.
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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.