Eligible Holders who validly tendered and did not validly withdraw Outstanding Notes on or prior to the Early Tender Date will receive $1,100 of New Notes and $20 of cash for each $1,000 principal amount of Outstanding Notes tendered by such date. Additionally, because at least $375.0 million aggregate principal amount of Outstanding Notes were validly tendered and not withdrawn by the Early Tender Date, holders whose Outstanding Notes are accepted for exchange in the Exchange Offer will also receive an additional $20 of cash for each $1,000 principal amount of Outstanding Notes tendered.Withdrawal rights for the Exchange Offer have expired. For notes tendered prior to the Early Tender Date, payment is expected to be made and the New Notes are expected to be delivered on or about December 16, 2013. New Notes issued on that date will trade fungibly with the Existing 2021 Notes.
Clear Channel Communications Announces Upsize And Extension Of Its Previously Announced Offer To Extend Existing Term Loans And Early Tender Results Of Its Private Bond-for-Bond Exchange Offer
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