George Mesires, who leads FaegreBD's Chicago finance and restructuring team, was quoted in Senior Housing News on how the bankruptcy filing will impact bondholders. Mesires noted that the sale of the facility could result in bondholders recovering a paltry 53 percent in a bond exchange. "This case is unlike many of the recent CCRC bankruptcy cases because of the high number of retail bondholders," Mesires said. "Without a clear mouthpiece for the bondholders, it may be difficult to gain consensus."
Read Full Article
*Your message has been successfully sent.
In considering prior results, please be aware that: (i) each legal matter is
unique; (ii) prior results are not necessarily representative of all our
matters; and (iii) you should not rely on prior results to predict future
success in similar matters.
Copyright © 2000-2015 Faegre Baker Daniels LLP.
All Rights Reserved. | Disclaimer
Notes: Please do not send confidential information or
sensitive materials through this form.
Transmission of information to us via this feature does not establish an attorney-client relationship. Do not send any information that you would have treated confidentially.