Clear Channel Files To Sell Mixed Securities

CLEAR CHANNEL COMMUNICATIONS has filed to sell an undisclosed amount of mixed securities on occasion, according to a shelf filing with the SEC. The company said the securities include common stock, senior debt securities, subordinated debt securities, junior subordinated debt securities, Class A and Class B preferred stock, warrants, stock purchase contracts and stock purchase units and guarantees. CLEAR CHANNEL said it expects to use proceeds from the sale of its securities for general corporate purposes, including repayment of borrowings, working capital, capital expenditures, stock repurchase programs and acquisitions.

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