Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 15

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 15
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 $5.8 million, including $5.1 million paid during the nine months ended September 30, 2024, and $0.4 million paid during the nine months ended September 30, 2025.

On March 31, 2025, we used a portion of the net proceeds from the sale of our Europe-North segment businesses to fully prepay the CCIBV Term Loan Facility, including $11.9 million of accrued interest. Upon repayment, CCIBV, its guarantors and all collateral granted as security under the credit agreement were released, and the credit agreement was terminated.

In the second quarter of 2025, we repurchased $95.7 million aggregate principal amount of our 7.750% Senior Notes and $134.1 million aggregate principal amount of our 7.500% Senior Notes in open market transactions at a discount. The total cash payment was $203.4 million, including accrued interest of $4.0 million and related fees. The repurchased notes are currently held by the Company and have not been canceled.

32

On August 4, 2025, we issued $1,150.0 million aggregate principal amount of 7.125% Senior Secured Notes and $900.0 million aggregate principal amount of 7.500% Senior Secured Notes. The proceeds, together with cash on hand, were used to fund the full redemption of $1,250.0 million aggregate principal amount of 5.125% Senior Secured Notes and $750.0 million aggregate principal amount of 9.000% Senior Secured Notes. As a result, the indentures governing the 5.125% and 9.000% Senior Secured Notes were satisfied and discharged. In connection with these transactions, we paid $62.0 million of accrued interest, a $36.1 million redemption premium and $25.6 million of other transaction fees and expenses.

Debt Service Obligations

During the nine months ended September 30, 2025 and 2024, we paid cash interest of $282.0 million and $297.1 million, respectively. The $15.1 million decrease primarily reflects the impact of recent refinancing activity and related changes in interest payment timing and interest rates. We expect to pay approximately $112 million of cash interest for the remainder of 2025 and approximately $400 million in