Clear Channel Announces Extensions To Price Determination Date
January 15, 2008 at 6:34 AM (PT)
In connection with CLEAR CHANNEL COMMUNICATIONS, INC.'s previously announced tender offer for its outstanding 7.65% Senior Notes due 2010 and CLEAR CHANNEL's subsidiary AMFM OPERATING INC.'s previously announced tender offer for its outstanding 8% Senior Notes due 2008 and, collectively with the CCU Notes, CLEAR CHANNEL announced TODAY that it has extended the date on which the pricing for the Notes will be established from 2p ET on JANUARY 14th, to 2p ET on FEBRUARY 15th, the date on which the tender offers are scheduled to expire from 8a ET on JANUARY 16th to 8a ET on FEBRUARY 20th, and the consent payment deadline for the Notes from 8a ET on JANUARY 16th to 8a ET on FEBRUARY 20th.
CLEAR CHANNEL has retained CITI to act as the lead dealer manager for the tender offers and lead solicitation agent for the consent solicitations and DEUTSCHE BANK SECURITIES INC. and MORGAN STANLEY & CO. INCORPORATED to act as co-dealer managers for the tender offers and co-solicitation agents for the consent solicitations.