Deal or Case news
NautaDutilh advised the initial purchasers in connection with a USD 375 million 6,625% senior secured notes offering by Clear Channel International B.V. (CCI). The notes are guaranteed by certain of CCI's subsidiaries.

Both the notes and guarantees are secured by pledges over shares, intercompany receivables and material bank accounts of CCI and certain of its subsidiaries.

CCI is the international business division of Clear Channel Outdoor Holdings and a leading international out-of-home advertising company with operations primarily in Europe and Singapore. Through its extensive inventory and technology-based enhancements, CCI delivers innovative, effective marketing campaigns for advertising partners in their target markets.

The group of initial purchasers, under more, consisted of: U.S. Bank Trustees Limited, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC.

The closing of the notes offering took place on 4 August 2020. NautaDutilh worked alongside lead counsel Davis Polk & Wardell London LLP. Our team was led by David Viëtor and consisted of Dewi Walian, Tessa van Berkum (Capital Markets), Jinne van Belle (Finance), Nina Kielman and Alissia Sudibyo (Tax).

Related articles

Cookie notification

This functionality uses third-party cookies. Change your cookie preferences to view this content or view more information.
These cookies ensure that the website works properly. These cookies cannot be disabled.
These cookies can be placed by third parties, such as YouTube or Vimeo.
By deactivating categories, it is possible that related functionalities within the website may no longer work properly. It is always possible to change your preferences at a later time. View more information.