CC Tender Offer Nets 46% Of Notes; Deadline Extended
September 5, 2008 at 11:26 AM (PT)
CLEAR CHANNEL has announced preliminary results of its previously announced tender offer to purchase any and all of its outstanding 7.65% Senior Notes due 2010, with about 46% ($342 million) of the notes validly tendered and not validly withdrawn. The company intends to accept for purchase all of the Notes validly tendered. Payment will be made to the tendering noteholders on or about SEPTEMBER 12th.
The company has also extended the expiration date for the tender offer and consent solicitation from TODAY to SEPTEMBER 9th at 8a ET.