Clear Channel Announces Bond Transaction.Business/Entertainment Editors SAN ANTONIO--(BUSINESS WIRE)--Jan. 6, 2003 Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ) announced today that it will offer $500 million in principal amount of notes in both 5-year and 10-year tranches. The proceeds from the offering will be used to finance the redemption of AMFM AMFM Association of Marriage and Family Ministries AMFM Automated Mapping Facilities Management AMFM Association des Modélistes Ferroviaires de Montréal (French: Montreal Railroad Modelers Association) Operating Inc.'s 8.125% Senior Subordinated Notes due 2007 and 8.75% Senior Subordinated Notes due 2007. The AMFM notes are being redeemed pursuant to call provisions in the indentures. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and JPMorgan will serve as joint book-runners for the transaction. A registration statement relating to these securities has been filed and declared effective with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, and any offering of these securities shall be made only by means of a prospectus. For further information on Clear Channel Communications contact Randy Palmer, Vice President of Investor Relations at 210/822-2828. |
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