Clear Channel infects global lending

Author: Nicholas Pettifer | Published: 14 May 2008

Despite the Clear Channel dispute being settled out of court this week, the case is infecting lending deals at least as far away as Europe.

Late on Tuesday, private equity houses Thomas H Lee Partners and Bain Capital agreed to funding of $17.9 billion ($36 per share) for their purchase of Clear Channel Communications. Previously, the bank syndicate had refused to fund...