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.
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