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Clear Channel Outdoor Holdings, Inc. CCO Spain — Letters of credit outstanding
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Where this comes from
Reported directly by Clear Channel Outdoor Holdings, Inc. in its filing.
Tagged under the XBRL concept us-gaap:LettersOfCreditOutstandingAmount.
The source filing: Clear Channel Outdoor Holdings, Inc.’s 10-Q, filed August 5, 2026.
- Filed
- Aug 4, 2026, 8:00 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0001334978-26-000025
As of June 30, 2026, the Company had an outstanding letter of credit of $7.0 million and bank guarantees of $9.0 million, both related to its former business in Spain, which were supported by $0.7 million in cash collateral. On August 4, 2026, the Company completed the sale of this business. The related letter of credit was canceled, and the related bank guarantees are expected to be transferred to the buyer.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Clear Channel Outdoor Holdings, Inc.'s spain — letters of credit outstanding?
- Clear Channel Outdoor Holdings, Inc. (CCO) reported spain — letters of credit outstanding of $7M in Q2 2026.
- What does spain — letters of credit outstanding mean?
- This metric measures the total value of letters of credit issued by financial institutions on behalf of the Spanish segment to guarantee payment performance to third parties. It serves as a proxy for the segment's creditworthiness and the extent to which it utilizes non-cash financial instruments to secure operational contracts. High levels of outstanding letters of credit indicate significant reliance on external credit facilities to support local business obligations.
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