Unsold Loans of Major Leveraged Buyouts
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The loans backing a slew of multibillion-dollar leveraged buyout deals are languishing on the books of the banks that made them, dragging down earnings and imperiling acquisitions. Here are some of the deals and the amount of unsold loans outstanding:
BCE:
$17 billion
Clear Channel:
$15 billion
Alltel:
$10.5 billion
TXU:
$8.8 billion
Chrysler:
$7 billion
Harrah's Casino Hotels:
