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More Work on The Clear Channel Debt.

10-26-2012

Clear Channel issued $2 billion of bonds after it said its offer to exchange term loans for the new notes was oversubscribed. Earlier this week, Clear Channel said more than $8 billion of loans were submitted for exchange by the time the offer expired at the end of last week. Clear Channel received permission from lenders this week allowing for the exchange of as much as $5 billion of debt.



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