Clear Channel Outdoor Holdings, Inc. Amends and Extends Credit Facilities

Rhea-AI Summary

Clear Channel Outdoor Holdings (NYSE: CCO) has successfully amended and extended its credit facilities with Deutsche Bank AG New York Branch. The company has extended the maturity dates of both its Receivables-Based Credit Facility and Revolving Credit Facility from August 23, 2026, to June 12, 2030, providing an additional four years of financial flexibility. As part of the amendments, the Receivables-Based Facility credit commitments were increased by $25 million to $200 million, while the Revolving Credit Facility commitments were reduced by $15.8 million to $100 million. The changes reflect the company's active management of its debt structure and liquidity position.

Positive

• Extension of credit facilities maturity by 4 years to 2030 provides long-term financial stability
• Increase in Receivables-Based Facility credit commitments by $25 million to $200 million enhances liquidity
• Successful negotiation with Deutsche Bank demonstrates continued banking relationship strength

Negative

• Reduction in Revolving Credit Facility commitments by $15.8 million to $100 million decreases available credit

News Market Reaction – CCO

-5.17%

-5.17% Session move

In the trading session that priced this news, CCO declined 5.17%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SAN ANTONIO, June 12, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has amended its Receivables-Based Credit Facility and Revolving Credit Facility (together, the "Amendments") with Deutsche Bank AG New York Branch as administrative agent. The Amendments extend the maturity date on each of the Receivables-Based Credit Facility and the Revolving Credit Facility from August 23, 2026 to June 12, 2030.

Pursuant to the Amendments, among other things, the credit commitments under the Receivables-Based Facility were increased from $175 million to $200 million, and the credit commitments under the Revolving Credit Facility were reduced from $115.8 million to $100 million.

Additional information on the Amendments is available in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission.

About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using our medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month.

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SOURCE Clear Channel Outdoor Holdings, Inc.

FAQ

What changes did Clear Channel Outdoor Holdings (CCO) make to its credit facilities in June 2025?

CCO extended the maturity of both its Receivables-Based and Revolving Credit Facilities from 2026 to 2030, increased Receivables-Based Facility by $25M to $200M, and reduced Revolving Credit Facility by $15.8M to $100M.

When is the new maturity date for CCO's amended credit facilities?

The new maturity date for both credit facilities is June 12, 2030, extended from the previous date of August 23, 2026.

How much did Clear Channel Outdoor's Receivables-Based Credit Facility increase to?

The Receivables-Based Credit Facility increased by $25 million, from $175 million to $200 million.

What is the new amount of CCO's Revolving Credit Facility after the 2025 amendment?

After the amendment, CCO's Revolving Credit Facility was reduced to $100 million from $115.8 million.

Who is the administrative agent for Clear Channel Outdoor's credit facilities?

Deutsche Bank AG New York Branch serves as the administrative agent for the credit facilities.