CCME extends Exchange Offer for Senior Notes due 2021


Clear ChannelClear Channel says it has extended its exchange offer of these notes that were issued and sold by Clear Channel in 2013 in private placement offerings. The exchange offer, previously scheduled to expire on 1/31 will now expire on 2/12, unless further extended by Clear Channel.

Approximately $1.34 billion in aggregate principal amount, or 73.45%, of the outstanding notes were tendered in the exchange offer as of 5:00 p.m., ET on 1/31. The extension is intended to allow additional time for holders of the remaining outstanding notes to tender their outstanding notes in the exchange offer.