12 August 2020
Gernandt & Danielsson advises in Clear Channel International B.V.’s $375 Million Secured Notes Offering
Gernandt & Danielsson, together with Davis Polk, advised the initial purchasers in connection with a US Rule 144A/Regulation S offering by Clear Channel International B.V. ("CCI"), a wholly owned subsidiary of Clear Channel Outdoor Holdings, Inc., of $375 million aggregate principal amount under its 6.625% senior secured notes due 2025. The notes are guaranteed by certain of CCI's subsidiaries and will be secured by first-lien pledges over shares and material bank accounts of CCI and certain material subsidiaries.
CCI is a leading international out-of-home advertising company with operations primarily in Europe and Singapore. Through its extensive inventory and technology-based enhancements, CCI delivers innovative, effective marketing campaigns for advertising partners in their target markets.
Gernandt & Danielsson advises with a team led by Partner Sofie Viktorsson, alongside Partner Mikael Borg, whom have been assisted mainly by Associates Andreas Lexhag and Jakob Forsell.