Clear Channel to launch $1.5 billion term loan extension on Thursday

By Sara Rosenberg

New York, May 8 - Clear Channel Communications Inc. is set to hold a call at 2:30 p.m. ET on Thursday to launch the extension of $1.5 billion of its outstanding term loan B and term loan C debt to 2018 from 2016, according to a market source.

Goldman Sachs & Co., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Banks Securities Inc., Morgan Stanley Senior Funding Inc. and Wells Fargo Securities LLC are the lead banks on the deal.

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

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