The markets liked Clear Channel Outdoor’s plan to restructure its debt (Billboard Insider)
Insider’s Take – Shortly after the equity announcement, CCO announced they would be looking to restructure their existing debt, and quickly. Insider heard through a banking contact that the debt is oversubscribed. With leverage just below 8x and reduced interest payments, CCO continues to gain momentum. […]
Wed, Aug 14, 2019 at 2:10 PM