CreditSights logo
Forgot Password?

Clear Channel Outdoor

Search Results

Excerpts only. To access full content please login or request a free trial.

VEON: Using Wind Tre Proceeds for Tender Offer

HY Note: 15 Nov 2018, 12:00 PM ET - VEON is using ~$2 bn of proceeds from the sale of its 50% stake in Wind-Tre for a tender offer for four tranches of $ bonds. VEON is also soliciting consents to amend certain covenants.

US IG Telco/Cable: Post-3Q18 Rel Val Update

Sector Analysis: 30 Oct 2018, 5:05 AM ET - We take a closer look at relative value across the key IG Telecom and Cable credits. Comcast, Charter, and Verizon reported a solid 3Q18 whereas AT&T fell short. Within AT&T’s business segments, WarnerMedia was the outperformer.

US TMT: Digital Advertising-More Than FB and GOOG?

Sector Analysis: 23 Oct 2018, 5:05 AM ET - In this second part of a series on US advertising, we discuss the digital advertising market. 

IHRT: Legacy Notes Desperately Seek Subordination

HY Note: 15 Oct 2018, 9:18 AM ET - We summarize the Legacy Trustee's adversary complaint against certain Shareholder Defendants, and why the Trustee is seeking equitable subordination of certain Shareholder Defendant claims and the right to designate votes. 

IHRT: Disclosure Statement Is Approved

Worth Watching: 20 Sep 2018, 11:38 PM ET - IHRT As expected, IHRT's Disclosure Statement was approved on September 20. As a result, IHRT can begin the Plan solicitation and approval process. Some key dates are as follows: With respect to the Adversary Proceeding, Pre-trial Briefs are du ..

IHRT: Disclosure Statement Issues Largely Resolved

Worth Watching: 17 Sep 2018, 10:25 AM ET - IHRT held its Disclosure Statement Hearing on Thursday (August 13). After what must have been several long days of negotiations, the Debtors were able to tell Judge Isgur they have been able to address many of the issues and adequate disclosure ..

IHRT: Responds to Objections and Updates Filings

HY Note: 12 Sep 2018, 11:04 PM ET - The Legacy Trustee say its class is gerrymandered, the UCC doesn't understand why liquidation proceeds exceed going concern values and everyone says the Disclosure Statement doesn't disclose enough. IHRT responds and updates its filings. 

CDS: Trust the Players, Love the Game?

Company Analysis: 12 Sep 2018, 4:58 AM ET - We provide an update on changes in market practice following recent shenanigans based on our discussions with various CDS participants.  We also summarize recommended changes to CDS practices to address participants' concerns. 

US TMT: Smartphones – The World is Flat

Sector Analysis: 05 Sep 2018, 5:46 AM ET - We examine the current state of the smartphone market, discuss demand trends in the US and emerging regions, and implications for industry participants across the supply chain.

IHRT: Files Amended Disclosure Statement and Plan

HY Note: 29 Aug 2018, 10:26 PM ET - We highlight some of the modifications the Debtors incorporated into their Amended Plan of Reorganization and Amended Disclosure Statement, what's still missing and some of the issues surrounding CCO's separation from IHRT. 

CDS and Restructurings: Historical Perspective

HY Note: 10 Aug 2018, 4:50 AM ET - We examine the role of CDS in distressed restructurings, as well as recent transactions where CDS trades played an important role and discuss our thoughts on the implications of these transactions on the synthetic market generally. 

iHeart: Still Standing

Worth Watching: 09 Aug 2018, 7:31 PM ET - iHeart: Standing Objections and an Amended Plan In advance of Wednesday's status conference on the Unsecured Creditors' Committee's ("UCC") Standing Motion, an objection or joinder to an objection was filed by virtually every creditor consti ..

US IG TMT: A Look at Possible TrouBBBle Spots

Sector Analysis: 06 Aug 2018, 4:56 AM ET - We look at the change in the agency ratings make-up of IG TMT and potential BBB trouble spots, which have ramped-up leveraged late in the cycle.

IHRT: Update on UCC's Standing Motion

Worth Watching: 02 Aug 2018, 9:31 PM ET - IHRT: Thursday's hearing focused on the UCC's motion to seek standing to prosecute claims on behalf of the Debtors (the "Standing Motion") and the implications the resolution of those claims will have on the distribution of value and recovery ..

IHRT: Reports 2Q18 Results

Worth Watching: 31 Jul 2018, 10:41 PM ET - IHRT Consolidated 2Q18 revenues of $1.6 bn were up 0.6% vs 2Q17: 6% growth at CCO was largely offset by a 3% decline at stand-alone IHRT. On an adjusted basis (constant currency; pro forma for the 3Q17 sale of CCO's ownership interest in a join ..

US IG Telco/Cable: Post-Earnings Publishing Recap

Worth Watching: 30 Jul 2018, 12:22 PM ET - US IG Telco/Cable: The week of July 23 brought a heavy earnings schedule, including the three IG telco and cable mega-issuers, Verizon, AT&T, and Comcast. Please see the following earnings notes for a summary of each company's 2Q18 earnings: Veriz ..

US IG Telco/Cable: Relative Value Update

Sector Analysis: 27 Jul 2018, 1:18 PM ET - On the heels of early earnings reports, we provide a relative value update on AT&T, Verizon, Comcast, Time Warner, and Charter IG.

DC Circuit Court Rules for FCC; UHF Discount Stays

Sector Analysis: 26 Jul 2018, 4:42 AM ET - The DC Circuit Court of Appeals dismissed a lawsuit challenging the FCC's decision to reinstate the UHF discount. We take a look at the ruling and what this means for the broadcasters. 

IHRT: UCC Seeks Standing to Prosecute Claims

HY Note: 16 Jul 2018, 6:10 AM ET - The UCC is seeking standing to pursue certain claims on behalf of the Debtors.  We summarize the Causes of Action identified in the UCC's motion and assess the potential impact of a successful pursuit of the Causes of Action on recoveries.

Satellite C-Band: Let the Waiting Game Begin (2/2)

Sector Analysis: 15 Jul 2018, 9:23 PM ET - The FCC voted 4-0 to approve the 3.7 to 4.2 GHz NPRM and order. Now, we wait for the comments and replies, with a final order expected between 1Q and 2Q19. We assess the potential benefits and revisit relative value of INTEL, SES, ETL.

Request A Free Trial

CreditSights offers free trials to individuals in qualified institutions.

Sign up now >>


Refine Results