Send us Feedback

Clear Channel Outdoor Holdings (CCO)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

CCO » Topics » CAPITALIZATION

This excerpt taken from the CCO 8-K filed Dec 18, 2009.

CAPITALIZATION

The following table sets forth our cash and cash equivalents, due from Clear Channel Communications and total capitalization as of September 30, 2009 (i) on an actual basis and (ii) on a pro forma basis to give effect to the Prior Term Note Prepayment and the Transactions as if the Prior Term Note Prepayment and the Transactions had occurred as of such date. You should read this table along with “Unaudited Pro Forma Condensed Consolidated Financial Statements,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our historical consolidated financial statements and related notes appearing elsewhere in this offering circular.

 

(in millions)    As of September 30, 2009
         Actual            Pro Forma    

Cash and cash equivalents

    $ 165    $ 563
             

Due From Clear Channel Communications (1)

      529      29
             

Debt:

      

Clear Channel Communications’ revolving credit facility

    $ 30    $ 30

Series A Notes due 2017 (2)

      —        493

Series B Notes due 2017 (2)

      —        1,970

Debt with Clear Channel Communications

        2,500      —  

Due to Clear Channel Communications

      —        —  

Other debt

      81      81
             

Total Debt

      2,611      2,574
             

Total Shareholders’ Equity

      2,820      2,820
             

Total Capitalization

    $ 5,431    $ 5,394
             

 

(1) In connection with the Transactions, the maturity of the CCU Cash Management Note will be extended to December     , 2017.
(2) The notes offered hereby are assumed to be issued at 98.5% of their aggregate principal amounts of $500.0 million for the Series A Notes and $2.0 billion for the Series B Notes.

 

50

This excerpt taken from the CCO 8-K filed Dec 11, 2009.

CAPITALIZATION

The following table sets forth our cash and cash equivalents, due from Clear Channel Communications and total capitalization as of September 30, 2009 (i) on an actual basis and (ii) on a pro forma basis to give effect to the offering (assuming the notes are issued at par) as if the offering had occurred as of such date. You should read this table along with “Unaudited Pro Forma Condensed Consolidated Financial Statements,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our historical consolidated financial statements and related notes appearing elsewhere in this offering circular.

 

(in millions)    As of September 30, 2009
         Actual            Pro Forma    

Cash and cash equivalents

    $ 165    $ 215
             

Due From Clear Channel Communications (1)

      529      479
             

Debt:

      

Clear Channel Communications’ revolving credit facility

      30      30

Series A notes due 2017

      —        600

Series B notes due 2017

      —        150

Debt with Clear Channel Communications (1)

    $   2,500    $   1,770

Due to Clear Channel Communications

      —        —  

Other debt

      81      81
             

Total Debt

      2,611      2,631
             

Total Shareholders’ Equity

      2,820      2,820
             

Total Capitalization

    $ 5,431    $ 5,451
             

 

(1) In connection with the offering, the maturities of both the cash management note due from Clear Channel Communications and the CCU Intercompany Note will be extended to December     , 2017.

 

49

EXCERPTS ON THIS PAGE:

8-K
Dec 18, 2009
8-K
Dec 11, 2009

RELATED TOPICS for CCO:

"CAPITALIZATION" elsewhere:

Mirant (MIR)
Monster Worldwide (MWW)
Regal Entertainment Group (RGC)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki