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Stock impact report

Clear Channel Outdoor Holdings, Inc. Announces Proposed Private Offering of Senior Secured Notes [Yahoo! Finance]

Clear Channel Outdoor Holdings, Inc. (CCO) 
Company Research Source: Yahoo! Finance
to market and customary conditions, aggregate principal amount of Senior Secured Notes due 2030 (the "Notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be guaranteed on a senior secured basis by certain of the Company's wholly owned domestic subsidiaries (the "Guarantors"). The Notes and the related guarantees will be secured, subject to permitted liens and certain other exceptions, on a first-priority basis by security interests in all of the Company's and the Guarantors' assets securing the Company's existing senior secured credit facilities and existing senior secured notes (other than accounts receivable and related assets securing the Company's existing receivables-based credit facility (the "Receivables Facility")) and, on a second-priority basis, by accounts receivable and related assets securing the Receivables Facility. The offering of the Notes is part of a refinancing transa Show less Read more
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