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This excerpt taken from the CCO 8-K filed Dec 11, 2009. NOTE P — SUBSEQUENT EVENTS On February 6, 2009, Clear Channel Communications’ borrowed the remaining availability under its $2.0 billion revolving credit facility, including the remaining availability under the Company’s $150.0 million sub-limit. Clear Channel Communications’ made the borrowing to improve its liquidity position in light of continuing uncertainty in credit market and economic conditions. As a result, the Company does not have any availability under its bank credit facility. This excerpt taken from the CCO DEF 14A filed Apr 30, 2009. NOTE P — SUBSEQUENT EVENTS On February 6, 2009, Clear Channel Communications’ borrowed the remaining availability under its $2.0 billion revolving credit facility, including the remaining availability under the Company’s $150.0 million sub-limit. Clear Channel Communications’ made the borrowing to improve its liquidity position in light of continuing uncertainty in credit market and economic conditions. As a result, the Company does not have any availability under its bank credit facility.
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These excerpts taken from the CCO 10-K filed Mar 2, 2009. NOTE P — SUBSEQUENT EVENTS On February 6, 2009, Clear Channel Communications’ borrowed the remaining availability under its $2.0 billion revolving credit facility, including the remaining availability under the Company’s $150.0 million sub-limit. Clear Channel Communications’ made the borrowing to improve its liquidity position in light of continuing uncertainty in credit market and economic conditions. As a result, the Company does not have any availability under its bank credit facility.
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NOTE P — SUBSEQUENT EVENTS
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