---
title: "Clear Channel Outdoor Extends ABL to Five Years, Ups Revolver to $250 Million Ahead of Merger"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286815274.md"
description: "Clear Channel Outdoor has amended its ABL Credit Agreement to enhance liquidity ahead of its merger with Madison Parent. The amendment extends the maturity to five years, increases revolving commitments from $200 million to $250 million, and revises the change-of-control definition to prevent default during the merger. The changes will take effect upon the merger's closing."
datetime: "2026-05-18T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286815274.md)
  - [en](https://longbridge.com/en/news/286815274.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286815274.md)
---

# Clear Channel Outdoor Extends ABL to Five Years, Ups Revolver to $250 Million Ahead of Merger

Clear Channel Outdoor entered into a Third Amendment to its ABL Credit Agreement to support liquidity as it prepares to merge with Madison Parent. The amendment extends the facility’s maturity to five years from effectiveness, increases revolving commitments from $200 million to $250 million, expands the borrowing base to include more eligible accounts, and adds flexibility for qualified securitization financings. It also revises the change-of-control definition so the planned merger will not trigger default. The amendment becomes effective upon closing of the merger.

**Agreement details:**

-   **Agreement type**: Third Amendment to asset-based revolving credit facility
-   **Counterparty**: Deutsche Bank New York Branch, as Administrative Agent, and other lenders
-   **Signed / Effective**: May 15 2026 / N/A
-   **Duration / Termination**: 5 years from effective date
-   **Reason**: Extend ABL maturity and increase liquidity amid pending merger

Original SEC Filing: Clear Channel Outdoor Holdings, Inc. \[ CCO \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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