Bullboard - Stock Discussion Forum Clear Channel Outdoor Holdings Inc CCO

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Clear Channel Outdoor Holdings, Inc. is an out-of-home advertising company. The Company provides customized advertising solutions through its asset portfolio of roadside billboards, urban street furniture, airport advertising displays and other displays. The Company’s segments include America, Airports, and Europe-North. The America segment consists of operations in the United States excluding... see more

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Clear Channel Outdoor Holdings Inc > Clear Channel Outdoor’s Access to Leverage-Based Debt

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Post by mdanese on Dec 07, 2021 4:53pm

Clear Channel Outdoor’s Access to Leverage-Based Debt

Currently, CCO is subject to a $150 million minimum liquidity covenant, tested monthly until a compliance certificate is submitted for the first quarter of 2022. As of Sept. 30 and pro forma for the revolver repayment, the company was in compliance with the liquidity covenant, with approximately $666 million of liquidity for covenant purposes. Full analysis here: https://reorg.com/clear-channel-outdoors-covenants/

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