Net News search results for: thomas h. lee equity fund vi
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December 1, 2017
iHeartMedia Tries Again For Deal With Creditors, But The Creditors Have A Different Idea
While CUMULUS MEDIA was able to reach a deal with a majority of its lenders, iHEARTMEDIA hasn't been able to do so thus far, and the company informed the SEC on THURSDAY (11/30) that a group of its major creditors has rejected the company's … more »
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June 10, 2014
Judiciary Committee Music License Hearings Underway, Radio Under Fire To Pay More
"Music Licensing Under Title 17 Part One," the first of two House Judiciary Committee hearings on music licensing, is under way TODAY (6/10) in WASHINGTON D.C. at the RAYBURN House Office Building. Congressman JERROLD NADLER (NY), the … more »
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June 12, 2012
Report: Thomas H. Lee Looks To Get Smaller
THOMAS H. LEE PARTNERS, the private-equity firm famous for being a part of the CLEAR CHANNEL COMMUNICATIONS buyout, "is weighing a $4 billion buyout fund, half the size of its predecessor, according to two people with knowledge of the firm’s … more »
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October 7, 2009
Update: Bain And THL Deny Seeking Help From Banks
Disputing an earlier N.Y. POST report, banking sources told THE NEW YORK TIMES' DEALBOOK that BAIN CAPITAL and THL PARTNERS have not approached the banks to prevent CLEAR CHANNEL from defaulting. What's more, there is no new effort to restructure the … more »
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June 8, 2009
NY Times: The Buyout Blues
The leveraged buyout club’s chummy days may be over, writes HARD BEALES and LAUREN SILVA LAUGHLIN in THE NEW YORK TIMES. "Not long ago, the government was investigating private equity firms for acting too clubby. As the brewing battle over … more »
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May 5, 2009
S&P Mulls Downgrading CC Media
STANDARD & POOR'S Ratings Services warned it is considering lowering its credit ratings on CC MEDIA HOLDINGS INC. further into junk territory, saying weak advertising demand in the radio industry and pressure on outdoor advertising will hurt the … more »
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April 30, 2009
NY Times: CC Faces Crisis In Cash Flow
CLEAR CHANNEL, last year became the biggest leveraged buyout ever in the media business, after it was taken private by THOMAS H. LEE PARTNERS and BAIN CAPITAL. THE NEW YORK TIMES reports that "now its revenues are plunging and so is its cash flow, … more »
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February 10, 2009
Clear Channel Borrows $1.6 Billion
CLEAR CHANNEL COMMUNICATIONS has borrowed approximately $1.6 billion left from a previous $2 billion line of revolving credit, reports NWAONLINE.COM. CLEAR CHANNEL revealed the latest borrowing in a MONDAY morning filing with the U.S. Securities and … more »
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June 18, 2008
Clear Channel Loans To Be Sold At Discount
Plans to sell the loans for the leveraged buy-out of CLEAR CHANNEL COMMUNICATIONS beginning with $3bn at 90-91 cents on the dollar show banks are still having to offer discounts to unload risky debt from the credit boom, reports THE FINANCIAL TIMES. On … more »
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May 23, 2008
Clear Channel Says Bank Syndicate Funds Takeover
CLEAR CHANNEL COMMUNICATIONS on THURSDAY said the bank syndicate providing the financing has fully funded the company's $17.9 billion takeover by private equity funds THOMAS H. LEE PARTNERS and BAIN CAPITAL, reports REUTERS. Earlier this month (NET NEWS … more »






