Clear Channel Outdoor Holdings amended its receivables-based credit facility and revolving credit facility with Deutsche Bank as administrative agent. The amendments extend the maturity date on each of the receivables-based credit facility and the revolving credit facility from Aug. 23, 2024 to Aug. 23, 2026.
Pursuant to the amendments, among other things, the credit commitments under the receivables-based facility were increased from $125 million to $175 million through the extended maturity date of Aug. 23, 2026. The credit commitments under the revolving credit facility were reduced from $175 million to $150 million, with the full $150 million of credit commitments available through Aug. 23, 2024. After this date, the credit commitments under the revolving credit facility will reduce to $115.8 million through the extended maturity date of August 23, 2026.
