Item 7.01 Regulation FD Disclosure.

Clear Channel Outdoor Holdings, Inc. (the "Company") is party to a credit agreement (the "Senior Secured Credit Agreement") which governs the Company's $175.0 million cash flow revolving credit facility (the "Revolving Credit Facility"). On March 24, 2020, the Company made a cautionary draw of $150.0 million under the Revolving Credit Facility to preserve financial flexibility. As a result, as of March 24, 2020, the Company had $150.0 million of borrowings, $20.2 million of letters of credit and $4.8 million of excess availability under the Revolving Credit Facility.

On March 25, 2020, the Company issued a press release to announce the draw under the Revolving Credit Facility and provide a financial update. A copy of the press release is attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.




Exhibit No.                                     Description

   99.1                Press Release dated March 25, 2020.

   EX-104            Cover Page Interactive Data File (formatted as inline XBRL and
                     contained in Exhibit 101.

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