Closing of Sale Marks Completion of Divestiture of Latin American Businesses
SAN ANTONIO, Oct. 1, 2025 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced it has completed the sale of its business in Brazil to Publibanca Brasil S.A., an affiliate of Eletromidia S.A.
The purchase price for the transaction was R$80 million, or approximately US$15 million1. The Company intends to use the net proceeds from the sale, after payment of transaction-related fees and expenses, to improve liquidity and increase financial flexibility as permitted under the Company’s debt agreements. Final proceeds are subject to customary post-closing adjustments and payment of transaction-related fees and expenses.
“The sale of our business in Brazil marks the exit of our business in Latin America. It is another key step towards simplifying and derisking our business to focus on the strength of our America and Airports businesses in the U.S. while paying down debt,” said Scott Wells, Chief Executive Officer, Clear Channel Outdoor Holdings, Inc. “We are continuing to create value for shareholders from the sale of our assets outside of the U.S., by paying down debt and reinvesting in high return opportunities. We thank the team in Brazil for their dedication and perseverance.”
Advisors
The Company engaged Moelis & Company LLC as financial advisor to assist with the processes to sell the Company’s Latin American businesses.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using its medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month.
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1 This figure is based on prevailing exchange rates on October 1, 2025.
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