Report title: Clear Channel Tender: Lump Of Coal?
from CreditSights
1044 word report published Nov 25, 2008

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Abstract: Clear Channel announced an opportunistic debt tender that aims to capture some of value represented by its legacy bonds' depressed trading values. The strategy goes beyond improving near-term liquidity with tenders out to 2013.

Brief Excerpt: Clear Channel Tender: Lump Of Coal? Clear Channel is conducting a set of Dutch auction tenders for up to $300 million of bonds coming due in the next four years. The company is focused mainly on its high-coupon bond of 2010, but is...

Report Type: Company Article
Source: CreditSights Inc
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