Clear Channel Outdoor Holdings Announces Proposed Private Offering of Senior Subordinated Notes

Clear Channel Outdoor Holdings, Inc. CCO announced today that its indirect, wholly-owned subsidiary, Clear Channel Worldwide Holdings, Inc., will offer, subject to market and customary conditions, $250,000,000 aggregate principal amount of Series A Senior Subordinated Notes due 2020 and $1,000,000,000 aggregate principal amount of Series B Senior Subordinated Notes due 2020 in a private offering that is exempt from registration under the Securities Act of 1933, as amended.