Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. entered into a Third Amendment to its ABL Credit Agreement, extending the maturity date by five years and increasing revolving credit commitments from $200 million to $250 million. The amendment also revises the borrowing base and adds flexibility for qualified securitization financings. These changes are contingent upon the consummation of the company's previously announced merger with Madison Parent Inc., and the amendment clarifies that the merger will not trigger a "Change of Control" under the credit agreement.

Clear Channel Outdoor Holdings, Inc. announced a definitive agreement to be acquired by an investor consortium for $2.43 per share in cash, with the merger expected to close by the end of Q3 2026. For the first quarter of 2026, the company reported a revenue increase to $373.9 million from $334.2 million in Q1 2025. However, the company posted a net loss attributable to the Company of $48.6 million, a decline from a net income of $62.5 million in the prior year period. The Spain business remains classified as held for sale, with its transaction anticipated to close in the second quarter of 2026.

Clear Channel Outdoor Holdings, Inc. reported its first-quarter 2026 financial results while also providing an update on its pending take-private merger. The company entered a definitive agreement on February 9, 2026, to be acquired by an investor consortium for $2.43 per share in cash, with the merger expected to close by the end of Q3 2026. For Q1 2026, consolidated revenue increased by 11.9% to $373.9 million, and Adjusted EBITDA grew by 31.0% to $103.8 million, although the company reported a consolidated net loss of $48.0 million.

Clear Channel Outdoor Holdings, Inc. and its subsidiary guarantors entered into supplemental indentures for its 2030, 2031, and 2033 Senior Secured Notes. These agreements were executed on April 9, 2026, following the successful completion of a consent solicitation from noteholders. The consent solicitation, which expired on April 10, 2026, was conducted in connection with the company's previously announced merger agreement.