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Entries tagged "Thomas H. Lee Partners LP"Spectrum Brands' batteries run outAfter months of speculation, consumer products maker Spectrum Brands finally filed for Chapter 11 and will restructure. PE Pipeline: Clear Channel CommunicationsThe lender group for the buyout of Clear Channel Communications Inc. by affiliates of Bain Capital LLC and Thomas H. Lee Partners LP could fund the $21 billion of debt for the deal any day. Citigroup Inc. and Deutsche Bank AG, the leads for the syndication with Wachovia Bank, Credit Suisse Group, Morgan Stanley and Royal Bank of Scotland Group plc made an offer to commit to funding through binding arbitration April 22 that the sponsors rejected. The banks also argued in a summary judgment hearing in New York Supreme Court that the suit was brought as they were attempting... Breaking: Clear Channel banks offer to arbitrateThe battle over financing for the $25 billion buyout of Clear Channel Communications Inc. may be coming to a head as banks have made a put-up-or-shut-up arbitration offer to the private equity buyers. ... Deal Digest: March 28, 2008Stay tuned to TheDeal.com for these stories and more.... The Clear Channel dealbreaker revealedThe final impasse between Bain Capital LLC and Thomas H. Lee Partners LP and their bankers over the $26 billion buyout of Clear Channel Communications Inc. wasn't about LIBOR floors or minutiae of the financing agreements. It was the lenders' refusal to allow Clear Channel to draw on part of the $22.1 billion buyout financing package if necessary to refinance roughly $4 billion of outstanding bonds when they begin to come due in three years, according to a suit filed by the buyers late Wednesday.... Clear Channel's LBO on the brinkExpect a wild ride with Clear Channel Communications Inc. Wednesday, thanks to reports that the banks are close to killing the $22.1 billion buyout. The Wall Street Journal, citing unnamed sources close to the deal, said that the banks lining up the financing had stalled the LBO due to a dispute with the equity sponsors over the details of the credit agreement. ... PE Pipeline: Big questions for Clear Channel buyoutThe big question hanging over the marketing period for the $22.1 billion of debt for the buyout of Clear Channel Communications Inc. by Bain Capital LLC and Thomas H. Lee Partners LP is whether the leveraged transaction can make it through the current market and how hard banks will push back to escape debt commitments. The 25-business-day debt marketing period should end about March 26. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Credit Suisse Securities LLC, Morgan Stanley, Royal Bank of Scotland plc and Wachovia Bank NA have committed $22.13 billion in financing, including senior secured credit facilities, in... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Thomas H. Lee Partners LP." 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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