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Entries tagged "Clear Channel"Clear Channel hears bankruptcy's song?Although broadcaster Clear Channel discounts bankruptcy chatter, the PE-owned company's debt load worries research firm CreditSights. Will LBO debt topple Clear Channel?The media reports say Clear Channel's crushing debt load has it considering asset sales, debt restructuring and even bankruptcy. Goom Radio tunes in to $16MThe startup promises to revolutionize Internet radio. Clear Channel shareholders approve LBOShareholders of Clear Channel Communications Inc. approved the broadcaster's more than $23 billion leveraged buyout led by Thomas H. Lee Partners LP and Bain Capital Partners LLC, the company said Thursday. ... Clear Channel debt sale hits snagUnderwriters are having trouble selling a $3 billion tranche of some $15 billion in leveraged loans backing Thomas H. Lee Partners LP and Bain Capital LLC's pending $23 billion acquisition of Clear Channel Communications Inc. Sources said that efforts to place the $3 billion slug are being hampered by a weak market, as well as worries over the remaining $12 billion of loans that will eventually have to be sold. ... BCE finale set for AugustCould the epic saga of the BCE Inc. buyout finally be easing into its denouement? A report in The Globe and Mail, Canada's national newspaper, might make you think so.... Banks selling Clear Channel debt at a discountBanks may have whittled down the leveraged debt overhang, but they're still having to offer sizable discounts to entice buyers to take the rest off their books. ... Dealwatch: Clear ChannelClear Channel Communications Inc. will hold a shareholder meeting July 24 to vote on its revised, multibillon-dollar leveraged buyout by Bain Capital LLC and Thomas H. Lee Partners LP. If approved, the deal will finally close July 30. The price was revised down May 13 to $36 per share from the $39.20 shareholders agreed to in September, with a $1.6 billion haircut to the $25 billion original, after much back and forth, litigation and finally a settlement. ... The Deal newsweekly, week of June 9It's been a tough 12 months for the sponsor groups at Wall Street's biggest firms. For the last few years, the investment bankers in those groups were riding high on a wave of megaprivate equity deals. Then came the credit crunch and a clogged pipeline. Today, buyout volume is way down, but the survivors are beginning to emerge from the rubble -- and rubble there is -- to a new day. ... A new equilibriumWall street's financial sponsor groups were in fine fettle during the run-up to the credit crisis, but now they eye smaller deals, look overseas for new business and prepare for the day when big buyouts return. Ratings Review: S&P keeps Clear Channel on credit watchStandard & Poor's Ratings Services said that its ratings for Clear Channel Communications Inc. on Thursday remained on credit watch with negative implications. ... Immaculate receptionAfter all the contention, suits and bitterness, Clear Channel, the sponsors and the banks finally have a deal. Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Clear Channel." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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