March 1, 2012 / 3:31 PM / 6 years ago

New Issue-Clear Channel Worldwide sells $2.2 bln

 March 1 (Reuters) - Clear Channel Worldwide Holdings,
Inc on Wednesday sold $2.2 billion of senior
subordinated notes in two parts in the 144a private placement
market, said IFR, a Thomson Reuters service. 	
  Goldman Sachs, Citigroup, Credit Suisse, Deutsche Bank,
Morgan Stanley, Wells Fargo, and RBS were the joint bookrunning
managers for the sale.	
	
BORROWER: CLEAR CHANNEL WORLDWIDE HOLDINGS, INC. 	
	
Tranche 1 Series B	
AMT $275 MLN    COUPON 7.625 PCT   MATURITY    03/15/2020	
TYPE SR NTS     ISS PRICE 100      FIRST PAY   09/15/2012 	
MOODY'S B3      YIELD 7.625 PCT    SETTLEMENT  03/15/2012   	
S&P SINGLE-B    SPREAD 608 BPS     PAY FREQ    SEMI-ANNUAL	
FITCH N/A       MORE THAN TREAS    NON-CALLABLE   N/A 	
	
Tranche 2 Series A	
AMT $1.925 BLN  COUPON 7.625 PCT   MATURITY    03/15/2020	
TYPE SR NTS     ISS PRICE 100      FIRST PAY   09/15/2012 	
MOODY'S B3      YIELD 7.625 PCT    SETTLEMENT  03/15/2012   	
S&P SINGLE-B    SPREAD 608 BPS     PAY FREQ    SEMI-ANNUAL	
FITCH N/A       MORE THAN TREAS    NON-CALLABLE   N/A 	
	
 

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