13D Filings
Clear Channel Outdoor Holdings, Inc.
CCO
Amendment
Ownership

21.10%

Total Shares

104,722,539

Issuer CIK

1334978

CUSIP

18453Hl06

Event Date

Feb 8, 2026

Accepted

Feb 11, 2026, 06:30 PM

Reporting Persons (1)
NameType% of ClassAggregateSole VotingShared Voting
Pacific Investment Management Company LLC
Investment Adviser
21.10%104,722,539104,722,5390
Disclosure Items (5)

Security Title

Common Stock, par value $0.01 per share

Issuer Name

Clear Channel Outdoor Holdings, Inc.

Issuer Address

4830 North Loop 1604W, San Antonio, TX, 78249

Item 4 of the Original Schedule 13D is hereby amended to add the following: On February 9, 2026, the Issuer, Madison Parent Inc. ("Parent") and Madison Merger Sub Inc. ("Merger Sub") entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which at closing, Merger Sub will be merged with and into the Issuer, the separate corporate existence of Merger Sub will thereupon cease and the Issuer shall continue as the surviving corporation of the Merger and a wholly owned subsidiary of Parent (the "Merger"). Pursuant to the terms of the Merger Agreement, each issued and outstanding share of Common Stock of the Issuer will be converted into the right to receive cash in an amount equal to $2.43, without interest thereon. Support Agreement In connection with the Merger Agreement, on February 9, 2026, affiliates of the Reporting Person and Parent entered into a Support Agreement (the "Support Agreement"), pursuant to which Reporting Person and its affiliates have agreed, among other things, subject to the terms and conditions of the Support Agreement, to vote all of their shares of the Issuer in favor of the adoption of the Merger Agreement. The Support Agreement also contains customary lock-up provisions during the support period. The foregoing description of the Support Agreement does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the full text of the Support Agreement, which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Percentage of Class

The information contained in Item 5(a) of the Schedule 13D is hereby amended to add the following: Items 7-13 (inclusive of the footnote thereto) of the cover page of this Amendment No. 5 are incorporated herein by reference.

Number of Shares

The information contained in Item 5(b) of the Schedule 13D is hereby amended to add the following: Items 7-13 (inclusive of the footnote thereto) of the cover page of this Amendment No. 5 are incorporated herein by reference.

Transactions

The information contained in Item 5(c) of the Schedule 13D is hereby amended to add the following: There have been no transactions with respect to the Common Stock during the sixty days prior to the date of this Amendment No. 5 by the Reporting Person or, to its knowledge, by any executive officer or director of the Reporting Person.

Item 6 is hereby amended to add the following: On February 9, 2026, affiliates of the Reporting Person entered into the Support Agreement defined and described in Item 4 above and attached as Exhibit 99.1 hereto.

Item 7 is hereby amended to add the following exhibit: Exhibit 99.1 - Support Agreement, dated February 9, 2026, by and among Madison Parent Inc. and the stockholders listed on Schedule A thereto.