Clear Channel Outdoor Holdings, Inc. Sells its Business in Brazil to an Affiliate of Eletromidia S.A.

Closing of Sale Marks Completion of Divestiture of Latin American Businesses

SAN ANTONIO, Oct. 1, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced it has completed the sale of its business in Brazil to Publibanca Brasil S.A., an affiliate of Eletromidia S.A.

The purchase price for the transaction was R$80 million, or approximately US$15 million¹. The Company intends to use the net proceeds from the sale, after payment of transaction-related fees and expenses, to improve liquidity and increase financial flexibility as permitted under the Company's debt agreements. Final proceeds are subject to customary post-closing adjustments and payment of transaction-related fees and expenses.

"The sale of our business in Brazil marks the exit of our business in Latin America. It is another key step towards simplifying and derisking our business to focus on the strength of our America and Airports businesses in the U.S. while paying down debt," said Scott Wells, Chief Executive Officer, Clear Channel Outdoor Holdings, Inc. "We are continuing to create value for shareholders from the sale of our assets outside of the U.S., by paying down debt and reinvesting in high return opportunities. We thank the team in Brazil for their dedication and perseverance."

Advisors
The Company engaged Moelis & Company LLC as financial advisor to assist with the processes to sell the Company's Latin American businesses.

About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using its medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month.

Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company and its subsidiaries to be materially different from any future results, performance, achievements, guidance, goals and/or targets expressed or implied by such forward-looking statements. The words "intend," "expect," "anticipate," "estimate" and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, such as the use of proceeds from the sale of our business in Brazil, our expectations with respect to our America and Airports businesses and our liquidity are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors, some of which are beyond our control and are difficult to predict.

Various risks that could cause actual results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to: continued economic uncertainty; our ability to generate enough cash to service our debt obligations; the impact of our substantial indebtedness, including the effect of leverage on our financial position and earnings; volatility of our stock price; our ability to continue to comply with the applicable listing standards of the New York Stock Exchange; the impact of the recent dispositions of certain of our businesses; and other factors set forth in our U.S. Securities and Exchange Commission ("SEC") filings. You should not place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. For a more comprehensive discussion of risks, see the "Item 1A. Risk Factors" section of the Company's reports filed with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024. The Company does not undertake any obligation to update or revise any forward-looking statements because of new information, future events or otherwise.

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¹ This figure is based on prevailing exchange rates on October 1, 2025.

SOURCE Clear Channel Outdoor