iHeart Media, private equity, Bain Capital, THL Partners

PE-backed iHeart bankruptcy not imminent; negotiations with creditors continue: CapitalStructure

By Shasha Dai, CapitalStructure A bankruptcy filing by iHeartMedia Inc is not yet a certainty even though efforts by the radio and advertising company to exchange its current loans and bonds have been slow to gain traction, a source familiar with the matter told CapitalStructure Wednesday. IHeart Media is backed by Bain Capital and THL Partners. Negotiations with the […]

Panda Power Funds, energy , electricity, private equity, debt, S&P

Panda-Power-Funds-backed power plants to refinance debt: CapitalStructure

By Jamie Mason, CapitalStructure A pair of natural-gas-fueled power plants backed by private equity firm Panda Power Funds are seeking to refinance their debt together, said two sources with direct knowledge of the matter. The utilities, Panda Temple Power LLC and Panda Temple Power II LLC, have retained Jefferies LLC as their financial adviser and […]

Payless Inc., apparel, footwear, retail, private equity, Blum Capital, Golden Gate Capital, debt

Revamp may pit Payless lender group against PE firms: update

By Lisa Allen, CapitalStructure Restructuring at low-priced shoe retailer Payless Inc is getting expedited with first-lien lenders to the company organizing and hiring financial and legal advisors. The lenders have formed an ad hoc group and hired Houlihan Lokey Inc as financial advisor, said two sources familiar with the situation. One source added that King & Spalding […]