New Issue- Clear Channel sells $2.725 bln in 2 parts

Tue Nov 6, 2012 5:22pm EST

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Nov 6 (Reuters) - Clear Channel Worldwide Holdings Inc
 on Tuesday sold $2.725 billion of senior notes in two
parts in the 144a private placement market, said IFR, a Thomson
Reuters service. 
    Goldman Sachs, Citigroup, Morgan Stanley, Credit Suisse,
Deutsche Bank and Wells Fargo were the joint bookrunning
managers for the sale.

BORROWER: CLEAR CHANNEL

TRANCHE 1 SERIES A
AMT $735.75 MLN   COUPON 6.5 PCT     MATURITY    11/15/2022   
TYPE SR NTS       ISS PRICE 99       FIRST PAY   05/15/2013 
MOODY'S B1        YIELD 6.639 PCT    SETTLEMENT  11/19/2012   
S&P SINGLE-B      SPREAD 494 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
    
TRANCHE 2 SERIES B
AMT $1,989.25 MLN  COUPON 6.5 PCT     MATURITY    11/15/2022   
TYPE SR NTS        ISS PRICE 100      FIRST PAY   05/15/2013 
MOODY'S B1         YIELD 6.5 PCT      SETTLEMENT  11/19/2012   
S&P SINGLE-B       SPREAD 480 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
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