Clear Channel Outdoor amends ABL credit facility, boosts revolving commitments to $250 million
Clear Channel Outdoor Holdings Inc CCO | 0.00 |
- Clear Channel Outdoor Holdings entered a third amendment to its asset-backed revolving credit facility dated Aug. 23, 2019, pending completion of its planned merger with Madison Parent and Madison Merger Sub.
- The amendment extends the facility’s maturity to five years from May 15, 2026.
- Revolving commitments rise to USD 250 million from USD 200 million.
- The borrowing base expands to include additional eligible accounts.
- The changes take effect at the merger closing, with the merger carved out from the facility’s change-of-control definition.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clear Channel Outdoor Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-058449), on May 18, 2026, and is solely responsible for the information contained therein.
