Davis Polk advised the joint book-running managers in connection with the $350 million SEC-registered follow-on offering of 100,000,000 shares of common stock of Clear Channel Outdoor Holdings, Inc. The common stock is listed on the New York Stock Exchange under the symbol “CCO.”
Clear Channel Outdoor Holdings, Inc., based in San Antonio, Texas, is a global outdoor advertising company with billboards, street furniture displays, transit displays and other out-of-home advertising displays in markets around the world. Through its extensive inventory, Clear Channel Outdoor Holdings delivers marketing campaigns for a diverse range of advertisers, marketers, creatives and strategic partners.
The Davis Polk corporate team included partners Michael Kaplan and Marcel Fausten and associates Dan Gibbons, Ryan Lewis and Thomas Chen. Partner Po Sit provided tax advice. The intellectual property and technology team included partner Pritesh P. Shah and associate S. Dream Montgomery. The environmental team included counsel David A. Zilberberg and associate Rachel Hoberman. All members of the Davis Polk team are based in the New York office.