Clear Channel Outdoor plans dividend to repay debt
Clear Channel Outdoor Holdings Inc., the billboard company controlled by Bain Capital Partners LLC and Thomas H. Lee Partners LP, plans to pay a $2.2 billion dividend, mostly to repay debt.
Time Warner Cable Inc., the nation's second largest cable operator, announced a public debt offering on Thursday to help finance a special dividend to be paid just before the company separates from its parent, Time Warner Inc.