Andrew Hedlund
The notes will mature in January 2022, but Ares can redeem the securities early under certain conditions.
The Franklin Square business development company, sub-advised by GSO Capital, swapped pre-bankruptcy debt for most of the new shares the reorganised debtor.
A source told PDI the firm is also in the process of lining up several managed accounts, fundraising efforts that come shortly after Churchill closed its first CLO deal.
Working out how the respective candidates might impact private debt is no straightforward task.
The new webpage can help financial firms draw up term sheets and create teaser letters.
.jpg?id=19327369803 "Cerberus affiliate execs launch new real estate debt firm")
Allegiant Real Estate Capital will invest in a variety of securities including various first mortgage loans and mezzanine loans.
The revelation comes shortly after reports that the Chicago bankruptcy judge overseeing the case suggested the two investment firms should help fund the gaming giant’s restructuring.
The Washington-based investment shop’s hire has been active in credit for over two decades.
The San Francisco-based private investment firm converted part of its pre-bankruptcy term loan to equity through an in-court restructuring.
.jpg?id=12885380144 "Adams Street makes first credit division hires")
The New York credit arm of Chicago-based Adams Street has hired a principal, a senior associate and two associates.