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News
Clear Channel successfully buys back more than $400 million of its debt
The original target for the tender offer for six different issues of debt was $300 million, and although the company says “there were no 10.75% notes validly tendered”, it accepted more than $410 million in principal amount for the other five. That included nearly $200 million of its 5.50% notes due 2014 – for which it’s paying 30 cents on the dollar. It’s paying 37 cents on the dollar for its 5.75% notes with a principal amount of $117 million. Earlier this month, the New York Post described the discounted offers of 53 cents on the dollar or less as “a shot across the bow” of its lenders. Read the full results of the tender offer here.
Previous and Next Stories
- The NAB spent $3.3 million in the last quarter on government lobbying
- The "East Coast Super Talent" announced for Philadelphia's NAB next month
- Making Moves: Thursday Afternoon
- New Clear Channel market manager for Charlotte and Cleveland
- Census Bureau: Today is the anniversary of the first commercial on radio
- After a transmitter move and a stunt, the jocks and the format are back ...
- Tribune bondholders ask a judge to let them look at evidence of the "fra...
- Making Moves: Friday Morning
- "Highway Stations" lose local DJs
- WRXP's "NYFM" hits TV this weekend
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Nashville's new "Hippie Radio 94.5" launched at 3pm Friday
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Valerie Geller to write weekly "News Talk Edge" newsletter for Radio-Inf...
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Former "Flashback" host Bill St. James teases a return in March
- Tim Martz' Radio Power is asked by the FCC about a Milwaukee translator ...
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Making Moves: Friday, February 10, 2012
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KHKS Dallas' Kelli Rasberry raises ire with anti-marriage equality comment
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February 13: UNESCO promotes radio's innate potency via World Radio Day
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Univision helps raise $5.25 million for St. Jude Children's Hospital
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Brian Lang upped to SVP/Market Manager for CBS Radio's West Palm Beach
- Todd N Tyler expand their “Empire”




























