Clear Channel Outdoor Holdings, Inc. (CCO), an advertising company, Monday announced a private offering of $865 million worth of senior secured notes due 2030.
The notes will be guaranteed on a senior secured basis by the company's domestic subsidiaries.
The company intends to use the proceeds from the offering to prepay a portion of the borrowings outstanding under its existing senior secured term loan facility.
The private offering is part of a refinancing transaction where the company intends to enter into an amendment to its existing senior secured credit facilities, which is expected to increase the maturity of the Loan B facility from 2026 to 2028.
In pre-market activity, Clear Channel Outdoor shares are trading at $1.99, up 5.85% on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
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.