Daily News: January 6, 2014

WSJ: CBS Outdoor Ad Unit Plans to Issue $1.6B in Debt Offering

The Wall Street Journal reported CBS Corp.’s Outdoor Americas advertising business is preparing to issue $1.6 billion in new debt, roughly split between bonds and loans, according to people familiar with the matter.

The Journal said further Citigroup, Deutsche Bank and Wells Fargo & Co are managing the debt financing, which will likely kick off early next week, some of the people said.

To read the entire WSJ artcile, click here.