Clear Channel Outdoor Holdings, Inc.
8.30%
41,197,491
1334978
18453H106
Sep 9, 2025
Sep 12, 2025, 05:17 PM
Reporting Persons (16)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Ares Management LLC | Other | 8.30% | 41,197,491 | 0 | 41,197,491 |
| Ares Management Holdings L.P. | Partnership | 8.30% | 41,197,491 | 0 | 41,197,491 |
| Ares Holdco LLC | Other | 8.30% | 41,197,491 | 0 | 41,197,491 |
| Ares Management Corporation | CO | 8.30% | 41,197,491 | 0 | 41,197,491 |
| Ares Voting LLC | Other | 8.30% | 41,197,491 | 0 | 41,197,491 |
| Ares Management GP LLC | Other | 8.30% | 41,197,491 | 0 | 41,197,491 |
| Ares Partners Holdco LLC | Other | 8.30% | 41,197,491 | 0 | 41,197,491 |
| ASOF Investment Management LLC | Other | 5.10% | 25,346,461 | 0 | 25,346,461 |
| ASOF Holdings I, L.P. | Partnership | 3.90% | 19,332,427 | 0 | 19,332,427 |
| ASSF Operating Manager IV, L.P. | Partnership | 2.00% | 9,706,839 | 0 | 9,706,839 |
| ASSF IV AIV B Holdings III, L.P. | Partnership | 1.80% | 8,722,544 | 0 | 8,722,544 |
| ACOF VI Holdings, L.P. | Partnership | 1.20% | 6,144,191 | 0 | 6,144,191 |
| ACOF Investment Management LLC | Other | 1.20% | 6,144,191 | 0 | 6,144,191 |
| ASOF II HOLDINGS I, L.P. | Partnership | 1.00% | 5,095,692 | 0 | 5,095,692 |
| ASOF II A (DE) HOLDINGS I, L.P. | Partnership | 0.20% | 918,342 | 0 | 918,342 |
| ASSF IV AIV B, L.P. | Partnership | 0.20% | 984,295 | 0 | 984,295 |
Disclosure Items (4)
Common Stock, $0.01 par value
Clear Channel Outdoor Holdings, Inc.
4830 North Loop 1604 West, Suite 111, San Antonio, TX, 78249
Item 2(c) of the Schedule 13D is hereby amended and restated in its entirety as follows: The Reporting Persons are either holding companies without operations, or are principally engaged in the business of investment management or making, purchasing, selling and holding investments. Ares Partners is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the general partner of ASSF Operating Manager IV, L.P., which is the manager of ASSF IV AIV B Holdings and ASSF IV AIV B; (ii) the sole memberof ASOF Investment Management LLC, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (iii) the sole member of ACOF Investment Management LLC, which is the manager of ACOF VI.Accordingly, each of the foregoing entities may be deemed to share beneficial ownership of the securities reportedherein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers,which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The information contained on the cover pages is incorporated by reference to this Item 5. The percentages on the cover pages are based on 497,012,805 shares of Common Stock outstanding as of July 31, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2025.
The information contained on the cover pages is incorporated by reference to this Item 5. The amounts reported herein include: (i) 8,722,544 shares held by ASSF IV AIV B Holdings, (ii) 984,295 shares held by ASSF IV AIV B, (iii) 19,332,427 shares held by ASOF I, (iv) 5,095,692 shares held by ASOF II Holdings I, (v) 918,342 shares held by ASOF II A (DE) Holdings I, and (vi) 6,144,191 shares held by ACOF VI. Ares Partners is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the general partner of ASSF Operating Manager IV, L.P., which is the manager of ASSF IV AIV B Holdings and ASSF IV AIV B; (ii) the sole member of ASOF Investment Management LLC, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (iii) the sole member of ACOF Investment Management LLC, which is the manager of ACOF VI. Each of the foregoing entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.
On September 9, 2025 and September 10, 2025, the Reporting Persons disposed of an aggregate of 14,631,555 shares of Common Stock in a series of transactions. Details by date, listing the number of shares of Common Stock disposed of and the price per share, are provided below. The Reporting Persons undertake to provide, upon request by the staff of the SEC or the Issuer, full information regarding the number of shares sold at each separate price for each transaction. September 9, 2025 - Shares Disposed of: 1,631,555 - Price: $1.386 September 10, 2025 - Shares Disposed of: 13,000,000 - Weighted Average Price: $1.1316
None.
Not applicable.