Debt Destroy

Clear Channel Communications Sues Banks for Tortious Interference with Merger (Finanzen.net)

Clear Channel Communications, Inc., joined by CC Media Holdings, Inc., a unit of Thomas H. Lee Partners, L.P. and Bain Capital Partners, LLC, today sued the banks who had committed to financing the debt connected to their $26 billion ... Read more

Clear Channel Communications Sues Banks for Tortious Interference with Merger (Business Wire via Yahoo Finance)

SAN ANTONIOClear Channel Communications, Inc., joined by CC Media Holdings, Inc., a unit of Thomas H. Lee Partners, L.P. and Bain Capital Partners, LLC, today sued the banks who had committed to financing the debt connected to their $26 billion merger for tortious interference. Read more

Clear Channel and Buyers Sue Banks (NYTimes.com via Yahoo Finance)

The suit accuses six banks that agreed to finance Clear Channels $19.5 billion buyout of reneging on their commitments. Read more

Clear Channel Banks May Lose $3 Billion in Buyout (Update3) (Bloomberg.com)

March 26 (Bloomberg) Banks financing the $19.5 billion buyout of Clear Channel Communications Inc. stand to lose about $3 billion on the transaction because loan prices have tumbled since they promised to fund the deal. Read more

Clear Channel Drops on Concern Buyout May Collapse (Update1) (Bloomberg.com)

March 26 (Bloomberg) Clear Channel Communications Inc. plunged as much as 20 percent in New York Stock Exchange composite trading on investor concern that the radio broadcasters $19.5 billion buyout may fail. Read more

Clear Channel Drops on Concern PrivateEquity Buyout May Fail (Bloomberg.com)

March 26 (Bloomberg) Clear Channel Communications Inc. plunged 18 percent in early trading on investor concern that the radio broadcasters $19.5 billion privateequity buyout is in danger of falling apart. Read more