Article: Credit Suisse Could Jump Pricing Gun, Again.

Credit Suisse could pull another "Harrah's Entertainment" and break ranks from its underwriting syndicate to sell its share of the buyout debt for radio operator Clear Channel Communications, sources said. The bank has reportedly called in investors regarding a chunk of the loans and asked what price they would be interested in paying. Sources were unsure how much of the debt would be made available to institutional investors, and they declined to speculate when the credit facility would launch. The financing package backing Clear Channel's buyout consists of $18.525 billion in senior secured bank debt and $2.6 billion in senior unsecured debt. Megadeals such as this have ...

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