September 01, 2014 11:14 PM ET

Media

Company Overview of Clear Channel Capital I, LLC

Company Overview

Clear Channel Capital I, LLC operates as a media and entertainment company. It operates through three segments: Media and Entertainment, Americas Outdoor Advertising, and International Outdoor Advertising. The company offers radio broadcasting, program syndication, entertainment, traffic data distribution, and music research services, as well as online and mobile services and products for national audiences and local communities. Its portfolio of stations offer an assortment of programming formats, including adult contemporary, country, contemporary hit radio, rock, news/talk, sports, urban, oldies, and others. As of December 31, 2013, the company owned 835 radio stations servicing approxima...

200 East Basse Road

San Antonio, TX 78209

United States

20,800 Employees

Phone:

210-822-2828

Key Executives for Clear Channel Capital I, LLC

Chairman
Age: 60
President
Age: 57
Chief Executive Officer of Outdoor
Age: 58
Chief Accounting Officer
Age: 44
Vice President
Compensation as of Fiscal Year 2014.

Clear Channel Capital I, LLC Key Developments

Clear Channel Capital I, LLC Appoints Julia E. C. Brau as a Member of the Board of Managers

On September 10, 2013, pursuant to the Limited Liability Company Agreement of Clear Channel Capital I, LLC, the company's sole member increased the size of the Board of Managers from 12 to 13 and appointed Julia E. C. Brau as a member of the company's Board of Managers to fill the vacancy created by the increase in the size of the Board of Managers. Julia E. C. Brau is a Vice President at Thomas H. Lee Partners, L.P. Ms. Brau rejoined THL in 2010 after attending Harvard Business School and working as an Associate at the firm from 2006 to 2008. Prior to THL, Ms. Brau worked at Morgan Stanley & Co. Incorporated in the Investment Banking Division. Ms. Brau currently serves on the board of directors of Agencyport Software Ltd. Ms. Brau holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School.

CC Media Holdings, Inc., Clear Channel Communications and Clear Channel Capital I, LLC Announce Management Changes

CC Media Holdings, Inc. announced that Richard J. Bressler will become President and Chief Financial Officer of CC Media Holdings, Inc., Clear Channel Communications, Inc. and Clear Channel Capital I, LLC, and Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., effective immediately. Bressler, who has served as CFO of Time Warner and Viacom and Managing Director at Thomas H. Lee Partners, possesses wide-ranging experience and expertise in the media, entertainment, digital and out-of-home businesses as well as an extensive background in public companies, private equity and venture capital investing. As President of CC Media Holdings, Inc. and Clear Channel Communications, Inc., Bressler will work closely with Pittman on the further development of strategies and initiatives to ensure that Clear Channel capitalizes on its unique assets. In his capacity as CFO, Bressler will succeed Thomas W. Casey, who served as Executive Vice President and Chief Financial Officer of CC Media Holdings, Inc., Clear Channel Communications, Inc. and Clear Channel Outdoor Holdings, Inc. from 2010.

CC Media Holdings, Inc. and Clear Channel Capital I, LLC Enter into an Amendment to Cash Flow Credit Facility

On May 31, 2013, CC Media Holdings, Inc. and Clear Channel Capital I, LLC entered into an amendment to its cash flow credit facility with each of the parties thereto. Pursuant to the Amendment, certain Term Loan B lenders and Term Loan C lenders agreed to extend a portion of their loans due 2016 through the creation of a new $5.0 billion Term Loan D facility due January 30, 2019. The Amendment also permits the company to make AHYDO catch-up payments beginning in May 2018 with respect to the new Term Loan D facility and any notes issued in connection with the company's previously announced exchange offer with respect to its outstanding 10.75% Senior Cash Pay Notes due 2016 and 11.00%/11.75% Senior Toggle Notes due 2016. Upon the closing of the offer, the company's cash flow credit facility consisted of an approximately $3.0 billion Term Loan B facility which matures on January 30, 2016, an approximately $198.2 million Term Loan C facility which matures on January 30, 2016 and a $5.0 billion Term Loan D facility which matures on January 30, 2019. The new Term Loan D facility has the same security and guarantee package as the outstanding Term Loans B and C and borrowings under the new Term Loan D facility bear interest at a rate equal to, at the company's option, adjusted LIBOR plus 6.75% or a base rate plus 5.75%.

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