Clear Channel gets tender consent from most senior notes holders

mercoledì 2 gennaio 2008 19:11

Jan 2 (Reuters) - Clear Channel Communications Inc (CCU.N: Quotazione) said it received tenders and consents for a majority of its outstanding 7.65 percent senior notes due 2010, as part of a deal to take the U.S. radio operator private.

Clear Channel also said its subsidiary, AMFM Operating Inc, received tenders and consents representing a majority of the outstanding 8 percent senior notes of AMFM due 2008, the company said in a statement.

San Antonio-based Clear Channel agreed in 2007 to be bought for $39.20 a share by private equity firms Bain Capital Partners and Thomas H. Lee Partners. (Reporting by John Tilak in Bangalore; Editing by Deepak Kannan)