Clear Channel Communications Inc., seeking to address more than $10.1 billion of debt due in 2016 before interest rates reverse, is offering to exchange $2.1 billion of notes for debt that matures in 2021.
Scott Sperling, co-president of buyout firm Thomas H. Lee Partners LP, says M&A deals are harder to come by." Sperling talks with Bloomberg's Tom Keene and MichaeMcKee on Bloomberg Radio's "Bloomberg Surveillance."
Compucom Systems Inc., a provider of information technology services, cut the rate on a $580 million term loan it’s seeking to back its buyout by Thomas H. Lee Partners LP, according to a person with knowledge of the deal.
The Depository Trust & Clearing Corp. unveiled a new product that will allow participants in the syndicated-loan market to accurately record the amount allocated to them in a debt deal, as companies from Compucom Systems Inc. to La Frontera Generation LLC seek to raise capital in the loan market.