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Outdoor Advertising Market 2021 Global Industry Analysis, By Key Players, Segmentation, Trends and Forecast By 2027
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SAN ANTONIO, May 17, 2021 /PRNewswire/ Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the Company ) announced today that it will offer, subject to market and customary conditions, $1,050,000,000 aggregate principal amount of Senior Notes due 2029 (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 unsecured basis by certain of the Company s wholly-owned existing and future domestic subsidiaries. Accordingly, the Notes (i) will rank
pari passu in right of payment with all existing and future senior indebtedness of the Company, (ii) will be senior in right of payment to all of the future subordinated indebtedness of the Company and the guarantors; (iii) will be effectively subordinated to all of the Company s existing and future indebtedness secured by a lien, to the extent of the value of such collateral and (i
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SAN ANTONIO, May 17, 2021 /PRNewswire/ Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the Company ) announced today that it priced an offering (the Offering ) of $1,050,000,000 aggregate principal amount of 7.500% Senior Notes due 2029 (the Notes ). The issuance and sale of the Notes is expected to be completed on June 1, 2021, subject to customary closing conditions.
The Notes will be guaranteed on a senior unsecured basis by certain of the Company s wholly-owned existing and future domestic subsidiaries. The Notes (i) will rank
pari passu in right of payment with all existing and future senior indebtedness of the Company, (ii) will be senior in right of payment to all of the future subordinated indebtedness of the Company and the guarantors; (iii) will be effectively subordinated to all of the Company s existing and future indebtedness secured by a lien, to the extent of the value of such collateral and (iv) will be structurally s
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SAN ANTONIO, May 10, 2021 /PRNewswire/ Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the Company ) today reported financial results for the quarter ended March 31, 2021. During the first quarter, we continued to execute on our strategy to maximize the revenue potential of our global portfolio and optimize our ability to take full advantage of the economic recovery, said William Eccleshare, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. Our financial results were in line with our expectations and reflect the continued impact of the pandemic on global advertising spend coupled with a tough comparison against our strong performance in the comparable period last year. We are beginning to see improvement in mobility and advertising activity across many of our markets as the vaccination process gains traction and restrictions are eased. We expect the market environment to continue to improve as the year progresses, with
SAN ANTONIO (AP) â Clear Channel Outdoor Holdings Inc. (CCO) on Monday reported a loss of $332.4 million in its first quarter.
On a per-share basis, the San Antonio-based company said it had a loss of 71 cents. Losses, adjusted for asset impairment costs and to extinguish debt, were 42 cents per share.
The outdoor advertising company posted revenue of $370.9 million in the period.
The company s shares closed at $2.56. A year ago, they were trading at 85 cents.
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