Clear Channel issued a press release confirming details on a new term loan debt facility through their wholly owned subsidiary, Clear Channel International B.V. (“CCIBV”). CCIBV closed on the agreement on March 22nd with J.P. Morgan Chase Bank as the agent on the loan facility. Proceeds of the CCIBV Term […]
Tag: Banking. Debt
Lamar’s Low New Interest Rate
Kudos to Lamar Media as they should have finalized their Term B loan package with JP Morgan and Wells Fargo yesterday. Insider reported earlier this week that they should be seeing rates of 1.5% over LIBOR and now that is confirmed. Reuters stated yesterday that the interest coupon is among […]