Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Clear Channel Outdoor Holdings, Inc. Completes Sale of its Europe-North Segment to a Subsidiary of Bauer Media Group [Yahoo! Finance]

Clear Channel Outdoor Holdings, Inc. (CCO) 
Company Research Source: Yahoo! Finance
sale of the businesses constituting its Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group. The purchase price from the transaction was $625 million , subject to customary closing adjustments. The net cash proceeds received today from the transaction, after prepayment in full of the outstanding CCIBV term loans in the principal amount of $375 million , plus approximately $12 million of accrued interest, totaled approximately $243 million . Final proceeds are subject to customary post-closing adjustments and payment of transaction-related fees and expenses. We expect to prioritize using the remaining net proceeds to retire the most advantageous debt in the Company's capital structure, as permitted in our debt agreements, thereby reducing cash interest and increasing AFFO. "With the sale of our Europe-North segment completed, we have closed international divestitures amounting to approximately $745 million in purchase consideration, increasing optionality Show less Read more
Impact Snapshot
Event Time:
CCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CCO alerts
Opt-in for
CCO alerts

from News Quantified
Opt-in for
CCO alerts

from News Quantified