CLEAR CHANNEL IS HAVING LOAN PROBLEMS

In addition to 100s of radio stations, Clear Channel also owns Limbaugh's syndicator, Premiere Networks.

Clear Channel asks lenders to extend $1.5 billion worth of loans.

You’re hearing lots of companies talk about re-financing or re-working some part of their capital structure, while interest rates remain low (but who knows for how long?). The Term Loans B and C due 2016 would be extended until 2018, under “the same security and guarantee package.” Clear Channel says the extension offers are “part of the continuing efforts to optimize overall capital structure.” Last year CC bought back some debt before maturity and found plenty of takers. We’ll track this one for you, too.