Clear Channel made the most of the high-yield market last week, printing a new deal to chip away at its 2016 maturity wall, which analysts last year thought could lead to a default. While CCME paid a price for the $850 million trade–a 10% coupon on just a 3.75-year maturity–it succeeded in convincing investors it will be able to navigate the road ahead
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Clear Channel made the most of the high-yield market last week, printing a new deal to chip away at its 2016 maturity wall, which analysts last year thought could lead to a default. While CCME paid a price for the $850 million trade–a 10% coupon on just a 3.75-year maturity–it succeeded in convincing investors it will be able to navigate the road ahead
