Net News search results for: thomas h. lee equity fund
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May 14, 2008
Clear Channel, Lenders Strike Deal At $36 A Share
As first reported late last night on ALL ACCESS, the CLEAR CHANNEL buyout settlement has officially been announced, with the company and its buyout backers THOMAS H. LEE PARTNERS and BAIN CAPITAL reaching a deal with lenders CITIGROUP, DEUTSCHE BANK, … more »
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May 13, 2008
Clear Channel, Lenders Strike Deal At $36 A Share
The CLEAR CHANNEL buyout settlement has officially been announced, with the company and its buyout backers THOMAS H. LEE PARTNERS and BAIN CAPITAL reaching a deal with lenders CITIGROUP, DEUTSCHE BANK, CREDIT SUISSE, MORGAN STANLEY, ROYAL BANK OF … more »
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May 12, 2008
Clear Channel Affirms Settlement Talks With Banks
A settlement in the CLEAR CHANNEL lawsuit case appears imminent, according to the WALL STREET JOURNAL. And, CLEAR CHANNEL has gone as far as confirming that settlement discussions are continuing, and that debt commitments in connection with the proposed … more »
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May 8, 2008
CC Judge Denies Banks' Request To End Suit
A NEW YORK judge rejected a request by CITIGROUP INC. and five other banks to throw out a lawsuit by CLEAR CHANNEL COMMUNICATIONS INC.'s buyers that accuses the lenders of refusing to fund the $19.5 billion acquisition, reports BLOOMBERG NEWS. BAIN … more »
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April 29, 2008
Clear Channel Banks Ask For Delay In Texas Trial
CLEAR CHANNEL COMMUNICATIONS said a TEXAS court on MONDAY dismissed a request by a group of banks to delay a trial over the funding of the $20 billion buyout of the radio station operator. The banks on MONDAY asked to delay the JUNE 2nd trial until … more »
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April 23, 2008
Report: Investors Confident CC Deal Will Happen
CLEAR CHANNEL COMMUNICATIONS' shares jumped yesterday as investors gained more confidence that the WALL STREET banks financing the $27 billion takeover by private-equity firms THL PARTNERS and BAIN CAPITAL will eventually be forced to finance the deal, … more »
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April 22, 2008
Bain, Lee Turn Down Banks' Arbitration Offer
That didn't take long: Hours after the six banks involved in the CLEAR CHANNEL sale offered to go to binding arbitration to resolve the $19.4 billion deal, the WALL STREET JOURNAL reports that private-equity firms THOMAS H. LEE and BAIN CAPITAL PARTNERS … more »
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April 21, 2008
Banks In Clear Channel Case Ask For Stay Of Trial
The banks being sued in the dispute over the $20 billion CLEAR CHANNEL COMMUNICATIONS leveraged buyout asked the Supreme Court of TEXAS to stay all proceedings in a trial court there, according to court documents. The banks asked for a stay until the top … more »
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April 16, 2008
CC Asks NY Court To Dismiss Bank Counterclaims
CLEAR CHANNEL COMMUNICATIONS asked a NEW YORK state judge TUESDAY to dismiss counterclaims brought against it by a group of banks embroiled in a dispute over financing of the company's stalled $19.4 billion buyout by two private-equity firms, reports DOW … more »
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April 11, 2008
Texas Court Denies Lenders' Bid To Dismiss Clear Channel Suit
CLEAR CHANNEL and its equity partners' litigious battle with its lenders continues in two different state courts. The latest turn of events: A BEXAR COUNTY, TEXAS court has denied a motion by the lenders in the CLEAR CHANNEL buyout to dismiss the … more »