CC Extends Tender Offer Deadline Again
June 11, 2008 at 3:27 PM (PT)
CLEAR CHANNEL has extended the date on which the tender offers for its outstanding 7.65% Senior Notes due 2010 and AMFM OPERATING CO.'s outstanding 8% Senior Notes due 2008 are scheduled to expire from 8a ET on JUNE 11th to 8a ET JUNE 25th. The consent payment deadline for the Notes has been moved from JUNE 13 to JUNE 27th.
As before, the new dates are subject to further extension while the company's buyout remains pending. The buyout is expected to close by the end of third quarter, but the parties have until DECEMBER 31st to close.