Clear Channel to prepay $847 million of loans via note offering

By Tali David

Minneapolis, Feb. 21 - Clear Channel Communications, Inc. plans to prepay all $847 million of loans outstanding under its term loan A with the proceeds from a priority guaranteed note offering, according to a press release.

The company will also use the proceeds to pay fees and expenses in connection with the offering.

Clear Channel is a San Antonio-based media and entertainment company.

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