Clear Channel redeems 6 5/8% notes due 2025 with term loan proceeds

By Marisa Wong

Los Angeles, March 25 – Clear Channel Outdoor Holdings, Inc.’s indirect wholly owned subsidiary, Clear Channel International BV, said it redeemed all of its outstanding 6 5/8% senior secured notes due 2025 with an aggregate principal amount of $375 million using proceeds of its term loan facility.

The company closed on Friday a two-tranche term loan facility totaling $375 million and maturing on April 1, 2027, according to a Monday press release.

Clear Channel is a New York-based provider of out-of-home advertising displays.

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