Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 35

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 35
---
ured Notes”). On March 31, 2025, CCIBV fully prepaid the CCIBV Term Loan Facility. Upon repayment, CCIBV and the guarantors under the credit agreement that governed the CCIBV Term Loan Facility, and all collateral granted as security thereunder, were released, and the credit agreement was terminated.(6)Other expense, net, primarily consists of transaction costs related to international sales processes, gains and losses on the sale of operating assets, foreign currency gains and losses on intercompany notes, and financing-related items. Related to the financing transactions described in note (5) to this table, this line includes a $5.4 million loss on debt extinguishment for the nine months ended September 30, 2025, and a $2.4 million loss on debt extinguishment and $2.0 million in debt modification expense for the nine months ended September 30, 2024.(7)For the three months ended September 30, 2025, the Company recognized a $4.8 million loss related to its former business in Brazil, partially offset by gains of $0.4 million related to the sale of its former businesses in Mexico, Peru and Chile and $0.3 million related to the sale of its former Europe-North segment businesses. For the nine months ended September 30, 2025, the Company recognized gains of $69.9 million related to the sale of its former businesses in Mexico, Peru and Chile and $66.2 million related to the sale of its former Europe-North segment businesses, partially offset by an $8.3 million loss related to its former business in Brazil.

11

Table of ContentsCLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Capital Expenditures of Discontinued OperationsThe following table presents the capital expenditures for discontinued operations:Three Months EndedNine Months Ended(In thousands)September 30,September 30, 2025202420252024Capital expenditures(1)$1,583 $15,609 $17,605 $39,822 (1)In addition to capital expenditures paid during the reported periods, the Company had accrued but unpaid capital expenditures for discontinued operations of $1.8 million and $6.1 million as of September 30, 2025 and 2024, respectively.

12

Table