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Clear Channel Sells $1B Notes

Texas-based media conglomerate, Clear Channel Communications, has raised $1 billion through a sale of priority guaranteed notes in the 144a private placement market.

Texas-based media conglomerate, Clear Channel Communications, has raised $1 billion through a sale of priority guaranteed notes in the 144a private placement market, Reuters reports. The initially planned size of the deal was $750 million.
The notes, which carry a coupon rate of 9%, are due to mature on March 1, 2021. Goldman Sachs, Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley, RBS and Wells Fargo Securities were the joint bookrunning managers for the deal. 
Click here for the story from Reuters.

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