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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2021-02-01