T. H. Lee Issues Capital Calls In Preparation For Clear Channel Close
March 6, 2008 at 2:56 PM (PT)
THOMAS H. LEE PARTNERS has issued capital calls to its investors, a procedural step towards closing the CLEAR CHANNEL buyout deal. The move, in which the firm told investors that it will draw down accounts to finance its portion of the buyout, comes amid speculation that the deal is in danger of failing to close.
CLEAR CHANNEL has said that it expects the deal to close by the end of MARCH.