CCC to sell $750m in notes

Private equity-owned radio and outdoor displays company Clear Channel Communications plans to sell $750m (£467m) of notes due 2021, it said in a filing with the Securities and Exchange Commission yesterday. It also said it is seeking to amend its senior secured credit facilities in part to give it greater flexibility to incur new debt. San Antonio-based Clear Channel, bought by private equity firms THL and Bain Capital in 2008 in a $17.9bn leveraged buyout, said it would use proceeds from the offering in part to repay debt due in 2011.