Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Clear Channel Outdoor Holdings (CCO) has issued an announcement.
Clear Channel Outdoor Holdings, Inc. is set to refinance $375 million of senior secured notes, aiming to push the maturity date from 2025 to 2027, potentially at a higher interest rate due to market conditions. Additionally, the company has priced $865 million of new senior secured notes at 7.875% due in 2030, with the sale expected to finalize on March 18, 2024. This move is part of a wider refinancing strategy designed to extend the maturity of other existing debts. The company cautions that these forward-looking statements are subject to market risks and uncertainties, and the proposed transactions may not be completed as planned.
See more insights into CCO stock on TipRanks’ Stock Analysis page.
