Company: CCO
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001193125-25-068755
Chunk: 0

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-03-31
Form: 8-K
Item: Item 1.02
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Item 1.02.      Termination of a Material Definitive Agreement.  

On the Closing Date, Clear Channel International B. V. (“ CCIBV”), an indirect, wholly owned subsidiary of the Company, voluntarily prepaid an aggregate of approximately $386.9 million (the “ Payoff Amount”), representing the full outstanding principal amount, accrued and unpaid interest and related fees and expenses due under that certain Credit Agreement (the “ CCIBV Credit Agreement”), dated as of March 22, 2024, by and among CCIBV, the guarantors party thereto, JPMorgan Chase Bank, N. A., as administrative agent and collateral agent (in such capacities, the “ Agent”), the lenders party thereto and J. P. Morgan SE, as lead arranger and bookrunner. For such prepayment, CCIBV used a portion of the cash proceeds from the Transaction (as described below). The Agent acknowledged receipt of the Payoff Amount, and as a result, and in connection therewith, on the Closing Date, CCIBV and the respective guarantors under the CCIBV Credit Agreement, and all collateral granted as security thereunder, were released, and the CCIBV Credit Agreement was terminated.