Clear Channel International B.V., an indirect wholly-owned subsidiary of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), issued USD 225 million 8.75% Senior Notes due 2020. The Notes are guaranteed by certain subsidiaries of the issuer and were offered only to "qualified institutional buyers" in reliance on the exemption pursuant to Rule 144A and to persons outside of the United States in compliance with Regulation S under the Securities Act of 1933.

Homburger advised Clear Channel on all Swiss law aspects of the transaction. The Homburger team was led by partner Claude Lambert (Corporate | M&A) and comprised partner Stefan Oesterhelt (Tax), associate Daniel Häusermann (Corporate | M&A) and paralegal Zahra Daka (Corporate | M&A).