Net News search results for: citibank
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May 11, 2010
WSJ: Terra Firma Gets The Funds To Save EMI
THE WALL STREET JOURNAL is reporting TERRA FIRMA CAPITAL PARTNERS LTD. "has succeeded in its quest to raise £105 million ($156 million) to stave off a bank foreclosure on EMI GROUP." EMI has until the end of this week to tell … more »
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May 10, 2010
Will Investors Give EMI The Funding To Survive?
The future of EMI continues to hang in the balance as its owner, TERRA FIRMA, struggles to persuade investors to come up with funds to make good on a funding shortfall after the company breached the terms of covenants agreed with CITIBANK. TERRA FIRMA … more »
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March 5, 2010
Tribune Bondholders Sue Lenders
Bondholders in bankrupt TRIBUNE CO. have sued the company's lenders, alleging that the banks' loans led to the bankruptcy. WILMINGTON TRUST CO., as agent for the lower-ranking creditor bondholders, filed the suit in U.S. Bankruptcy Court in DELAWARE … more »
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June 1, 2009
Bruce St. James Exits Riviera/Phoenix
On the heels of equity partners VSS and CITIBANK and GOLDMAN SACHS taking control of RIVIERA BROADCAST GROUP/PHOENIX's Alternative KEDJ (EDGE 103.9) and Top 40/Rhythmic KKFR (POWER 98.3) last month (NET NEWS 5/18), long time KKFR & KEDJ PD BRUCE ST. … more »
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May 18, 2009
Restructuring At Riviera/Phoenix & Las Vegas
Equity partners VSS and CITIBANK and GOLDMAN SACHS are now in the process of a financial and managerial restructuring at RIVIERA BROADCAST GROUP/PHOENIX's Alternative KEDJ (EDGE 103.9) and Top 40/Rhythmic KKFR (POWER 98.3) as well as Smooth AC KOAS … more »
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May 15, 2009
NY Post: Geffen's Not Buying The NY Times
Music and movie mogul DAVID GEFFEN's "talks" about acquiring HARBINGER CAPITAL PARTNERS' 19% stake in THE NEW YORK TIMES are a myth, writes PETER LAURIA in THE NEW YORK POST. "According to three sources with direct knowledge of the … more »
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April 3, 2008
Lenders To File To Add Clear Channel To New York Case
The latest chapter in the CLEAR CHANNEL buyout saga has the company's lenders attempting to add CLEAR CHANNEL to a NEW YORK state Supreme Court breach of contract and fraud lawsuit filed by the buyout's private equity backers. The banks, through attorney … more »