Clear Channel Outdoor Enters Material Definitive Agreement
Ticker: CCO · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1334978
Sentiment: neutral
Topics: material-agreement, definitive-agreement
Related Tickers: CCO
TL;DR
CCO enters new material deal, details TBD.
AI Summary
On January 8, 2025, Clear Channel Outdoor Holdings, Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement or any associated dollar amounts. The company is incorporated in Delaware and its principal executive offices are located in San Antonio, Texas.
Why It Matters
This filing indicates a significant new contract or partnership for Clear Channel Outdoor, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.
Key Players & Entities
- Clear Channel Outdoor Holdings, Inc. (company) — Registrant
- January 8, 2025 (date) — Date of earliest event reported
- San Antonio, Texas (location) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Clear Channel Outdoor Holdings, Inc. on January 8, 2025?
The filing states that Clear Channel Outdoor Holdings, Inc. entered into a material definitive agreement on January 8, 2025, but does not provide specific details about its nature.
Are there any financial terms or dollar amounts associated with this new agreement?
The provided filing does not disclose any specific dollar amounts or financial terms related to the material definitive agreement.
Who are the parties involved in this material definitive agreement?
The filing identifies Clear Channel Outdoor Holdings, Inc. as the registrant but does not name the other party or parties to the agreement.
What is the expected impact of this agreement on Clear Channel Outdoor's business operations?
The filing does not specify the expected impact of the agreement on Clear Channel Outdoor's business operations.
When was this material definitive agreement officially reported?
The material definitive agreement was reported as of January 8, 2025, and filed on January 10, 2025.
Filing Stats: 2,490 words · 10 min read · ~8 pages · Grade level 15.5 · Accepted 2025-01-10 06:29:32
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share CCO New York St
- $625.0 million — pay to the Seller an initial amount of $625.0 million in cash, subject to certain customary a
- $375.0 m — f the Parent in the principal amount of $375.0 million, plus any accrued interest. The r
- $20.0 million — Seller a cash termination fee equal to $20.0 million within fifteen business days following
- $10.0 million — results in a reduction of greater than $10.0 million in the value of the Target's shares, as
Filing Documents
- d158653d8k.htm (8-K) — 42KB
- d158653dex21.htm (EX-2.1) — 845KB
- d158653dex991.htm (EX-99.1) — 13KB
- g158653dsp0080.jpg (GRAPHIC) — 1KB
- g158653dsp0081.jpg (GRAPHIC) — 1KB
- 0001193125-25-004043.txt ( ) — 1166KB
- cco-20250108.xsd (EX-101.SCH) — 3KB
- cco-20250108_lab.xml (EX-101.LAB) — 18KB
- cco-20250108_pre.xml (EX-101.PRE) — 11KB
- d158653d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 2.1* Share Purchase Agreement, dated as of January 8, 2025, by and among Clear Channel International Holdings B.V., Clear Channel Outdoor, LLC, Clear Channel International B.V., and Bauer Radio Limited 99.1 Press Release issued by Clear Channel Outdoor Holdings, Inc. on January 9, 2025 104 Cover Page Interactive Data File (formatted as inline XBRL) * Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) or Item 601(b)(2)(ii), as may be applicable, of Regulation S-K and will be furnished on a supplemental basis to the Securities and Exchange Commission upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEAR CHANNEL OUTDOOR HOLDINGS, INC. Date: January 10, 2025 By: /s/ Lynn A. Feldman Lynn A. Feldman Executive Vice President, Chief Legal Officer and Corporate Secretary