Clear Channel Outdoor Holdings, Inc. Commences Consent Solicitation for Senior Secured Notes

Clear Channel Outdoor Holdings, Inc. has initiated a consent solicitation for its outstanding senior secured notes. This action is in connection with a previously announced merger agreement with Madison Parent Inc. The company aims to amend the indentures governing its notes to prevent the merger from being classified as a 'Change of Control' and to waive any defaults related to the merger. Holders who consent to the proposed amendments by April 10, 2026, are eligible to receive a cash payment. The solicitation is conditional on obtaining the necessary consents and the consummation of the merger, which is expected by the end of Q3 2026. If the merger is not completed, the proposed amendments will be nullified. This filing also includes forward-looking statements regarding the merger and associated risks.