09:01 AM EDT, 07/21/2025 (MT Newswires) -- Clear Channel Outdoor ( CCO ) said Monday it is raising $2.05 billion in debt through a private offering of senior secured notes due 2031 and 2033.

The company said it intends to use the net proceeds, together with cash on hand, to redeem its outstanding 2027 and 2028 senior secured notes.

Clear Channel shares were down 2.1% in recent premarket activity.