May 25th 09, 02:53 PM
posted to rec.radio.shortwave
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First recorded activity by RadioBanter: Jan 2009
Posts: 5,185
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Mitt Romney Owns Clear Channel!?!
Booble wrote:
SIGNS OF TROUBLE FOR CLEAR CHANNEL
By JOSH KOSMAN and KAJA WHITEHOUSE
May 22, 2009 --
Clear Channel Communications' efforts to avert bankruptcy hit a patch
of static this week after two senior lenders opposed the company's
debt-swap proposal, sources told The Post.
Only nine months after private-equity firms THL Partners and Bain
Capital bought the radio and billboard giant in a $27 billion
leveraged buyout, the two firms this week reached out to Clear
Channel's largest senior lenders to propose a debt exchange and were
roundly rejected by at least two lenders, who sources said had little
interest in the proposal.
http://en.wikipedia.org/wiki/Bain_Capital
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