“Does it delever the company enough, does it make the bonds worth par? Probably not. But if I were the banks, I would be willing to give them a shot, because it would be a $2.5 billion paydown.”

11 Dec 2009

– Shelly Lombard, analyst at GimmeCredit, on Clear Channel Outdoor’s refinancing of its $2.5 billion intercompany note.

“Does it delever the company enough, does it make the bonds worth par? Probably not. But if I were the banks, I would be willing to give them a shot, because it would be a $2.5 billion paydown.” – Shelly Lombard, analyst at GimmeCredit, on Clear Channel Outdoor’s ...

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