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Clear Channel Outdoor to pay down term loan B with notes proceeds
By Sara Rosenberg
New York, Aug. 8 – Clear Channel Outdoor Holdings Inc. plans to prepay a portion of its term loan B due 2026 using proceeds from a $500 million senior secured notes offering, according to a market source.
Remaining funds from the notes will be used to pay related fees and expenses.
Clear Channel Outdoor is a New York-based provider of out-of-home display advertising such as digital billboards, posters, panels, wallscapes and mobile advertising services.
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