Net News search results for: thomas h. lee equity fund
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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 »
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April 2, 2008
Bain, Lee Pressure Banks To Fund CC Deal
The private-equity firms seeking to acquire CLEAR CHANNEL COMMUNICATIONS demanded a response from their banks to the buyers' MARCH 26th proposal on financing the $27 billion transaction, reports THE NEW YORK POST. The major sticking point to … more »
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April 1, 2008
Clear Channel Documents Reveal Credit Proposal
Court documents related to the fight between buyers and banks over the $20 billion buyout of CLEAR CHANNEL COMMUNICATIONS, obtained by REUTERS on FRIDAY (4/1), gave details of a proposed credit agreement to fund the deal. THOMAS H. LEE PARTNERS AND BAIN … more »
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March 28, 2008
Clear Channel Says Buyout May Not Close ... And Delays Dividend
According to REUTERS, CLEAR CHANNEL COMMUNICATIONS said on TODAY (3/28) its pending acquisition by several private equity firms may not close, even though the firms are ready to consummate the deal. In a filing with the Securities and Exchange … more »
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March 27, 2008
Hedge Funds, Others Hurt By Sticking With Clear Channel
HIGHFIELDS CAPITAL MANAGEMENT's 7.7% stake in CLEAR CHANNEL COMMUNICATIONS took a big hit WEDNESDAY, but HIGHFIELDS isn't the only big-name investor that stands to lose if the now- in-jeopardy $19.4 billion private equity buyout of CLEAR CHANNEL doesn't … more »
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March 27, 2008
Update: Judge Order Keeps CC Deal Together, Banks Want Trial Moved
A TEXAS judge's order that banks fund the proposed $19 billion buyout of CLEAR CHANNEL COMMUNICATIONS by two private-equity firms does not guarantee that the sale will go through, two analysts told REUTERS. Meanwhile, attorneys for the banks filed a suit … more »
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March 26, 2008
Lee, Bain, Clear Channel Sue Banks To Force Sale; Hire Billion-Dollar Lawyer
In the wake of yesterday's stunning news of the possible demise of the CLEAR CHANNEL deal (NET NEWS 3/25), private equity firms THOMAS H. LEE PARTNERS and BAIN CAPITAL PARTNERS filed complaints in the Supreme Court of the State of NEW YORK and the TEXAS … more »
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March 20, 2008
As Deadline Nears, Confusion Clouds CC Buyout
Confusion surrounded the buyout of CLEAR CHANNEL COMMUNICATIONS yesterday amid escalating tensions between the private-equity companies behind the deal and the banks that have agreed to finance it, reports THE WALL STREET JOURNAL. As a key deadline … more »
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March 19, 2008
Clear Channel Extends Consent-Payment Deadline ... Closing Near?
CLEAR CHANNEL COMMUNICATIONS late TUESDAY said it extended the consent-payment deadline on a buyout-related tender offer to MARCH 24th 8a from MARCH 20th, reports CNN MONEY. CLEAR CHANNEL noted that it extended the date on which the pricing for its … more »
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September 26, 2007
Analysts Discuss Radio Outlook, Credit Crunch At NAB Show
At the NAB RADIO SHOW's DICKSTEIN SHAPIRO LLP Broadcast Financing forum in CHARLOTTE WEDNESDAY morning, BEAR STEARNS TV and Radio Broadcasting Analyst VICTOR MILLER ran through the many external forces impacting the radio industry's performance and … more »