Clear Channel to supply $1 billion in bonds due 2028

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Clear Channel to supply $1 billion in bonds due 2028

Posted by: Market Watch in Market Information 11 minutes in the past Clear Channel Outside Holdings Inc. mentioned Monday it's planning to


Clear Channel Outside Holdings Inc. mentioned Monday it’s planning to supply $1 billion of senior notes due 2028 in personal providing. Proceeds will probably be used together with money readily available to redeem $940 million mixture principal quantity of its 9.25% senior notes that mature in 2024. Clear Channel shares had been up 1.5% premarket, however are down 27% within the final 12 months, whereas the S&P 500 has gained 15%. Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.

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