Clear Channel In Trouble?
The private equity firms that own Clear Channel Communications may be so desperate to restructure the company’s debt that they’ve gone begging to the same banks they sued two years ago, the New York Post reports.
Two unnamed sources quoted in the Post piece say that Bain Capital and THL Partners, which bought Clear Channel in 2007, have asked Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley, RBS and Wachovia for more loans to keep Clear Channel afloat.
The
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