Clear Channel Outdoor Holdings, Inc. Announces Completion Of Redemption By Clear Channel Worldwide Holdings, Inc. Of Outstanding 9.25% Series A Senior Notes Due 2017 And 9.25% Series B Senior Notes Due 2017
San Antonio, Texas, December 19, 2012. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced today that the previously announced redemption by its indirect, wholly-owned subsidiary, Clear Channel Worldwide Holdings, Inc., of all of its $219,545,000 aggregate principal amount of 9.25% Series A Senior Notes due 2017 (the “Existing Series A Notes”) and $555,748,000 aggregate principal amount of 9.25% Series B Senior Notes due 2017 (the “Existing Series B Notes” and together with the Existing Series A Notes, the “Existing Notes”) that remained outstanding after the expiration of its tender offer on December 3, 2012 has been completed. The Existing Notes were redeemed pursuant to a notice of redemption issued on November 19, 2012 in accordance with the redemption provisions of the indentures governing the Existing Notes (the “Existing Notes Indentures”).
This press release is for informational purposes only and does not constitute a notice of redemption under the Existing Notes Indentures or an offer to buy or the solicitation of an offer to sell with respect to any securities.