Clearwire to launch $1 billion term loan on Thursday

By Sara Rosenberg

New York, June 13 - Clearwire Corp. is scheduled to hold a bank meeting on Thursday to launch its proposed $1 billion term loan, according to a market source.

Morgan Stanley, Merrill Lynch, JPMorgan and Citigroup are the lead banks on the deal, with Morgan Stanley the left lead.

Proceeds will be used to refinance debt.

Clearwire is a Kirkland, Wash., provider of wireless broadband services and equipment.

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