Company: CCO
Filing Date: 2025-07-21
Form Type: 8-K
Source: 0001193125-25-161980
Chunk: 0

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-07-21
Form: 8-K
Item: Item 8.01
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Item 8.01      Other Events.  

On July 21, 2025, Clear Channel Outdoor Holdings, Inc. (the “ Company”) issued a press release announcing the pricing of $1,150.0 million aggregate principal amount of 7.125% Senior Secured Notes due 2031 (the “2031 Notes”) and $900 million aggregate principal amount of 7.500% Senior Secured Notes due 2033 (the “2033 Notes” and, together with the 2031 Notes, the “ Notes”) on July 21, 2025. The issuance and sale of the Notes is expected to be completed on August 4, 2025, subject to customary closing conditions. A copy of the press release announcing the pricing of the Notes is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

In connection with the pricing of the Notes, on July 21, 2025, the Company entered into a Purchase Agreement (the “ Purchase Agreement”) by and among the Company, the guarantors named therein (collectively, the “ Guarantors”) and Deutsche Bank Securities Inc., as representative of the several initial purchasers, relating to the sale of the Notes. The Purchase Agreement contains customary representations, warranties and agreements by the Company and the Guarantors, customary conditions to closing, indemnification obligations of the Company and the Guarantors (including for liabilities under the Securities Act of 1933, as amended (the “ Securities Act”)), other obligations of the parties and termination provisions.

As previously disclosed, the Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, to (i) fund the early redemption (the “ Redemption”) by satisfaction and discharge of all of its outstanding 5.125% Senior Secured Notes due 2027 (the “ Existing 2027 Secured Notes”) and 9.000% Senior Secured Notes due 2028 (the “ Existing 2028 Secured Notes”) and (ii) pay related transaction fees and expenses. Any remaining net proceeds will be used for general corporate purposes. This Current Report on Form8-Kshall not constitute a notice of redemption with respect to the Existing 2027 Secured Notes and the Existing 2028 Secured Notes, and any redemption of the Existing 2027 Secured Notes and the Existing 2028 Secured Notes will be made in accordance with the terms and conditions of the indenture governing such notes.

The