Radio and outdoor advertising company Clear Channel Communications Inc. increased the amount of loans on which it’s seeking to extend maturities. Sysco Corp. obtained a financing commitment of $4.75 billion to back its purchase of US Foods.
Thomas H. Lee Partners LP has told investors it expects to seek $3 billion for its next private- equity fund, less than half the amount it raised for the prior pool that closed in 2007, according to two people briefed on the matter.
Clear Channel Communications Inc. is offering to double interest to push out maturities on some of the $4.3 billion it owes, just as the most-leveraged U.S. broadcaster suffers the first cash-flow deficit in four years.
J.W. Childs Associates LP, the owner of consumer-focused businesses such as Brookstone and Sunny Delight Beverages Co., is considering giving investors who have been locked in a fund raised more than a decade ago an option to cash out, two people familiar with the matter said.
Top executives at buyout firms including Blackstone Group LP, KKR & Co., Bain Capital Partners LLC and Carlyle Group LP assured each other in e-mails that they wouldn’t compete on deals to avoid driving up prices and angering competitors, according to a now public court complaint.
Fidelity National Information Services Inc. , the payment-processor that private-equity firms including Blackstone Group LP sought to buy, is marketing debt after corporate bond sales fell to a six-week low.