Farallon Loans Bankrupt General Growth Properties $400 Million
| May 14th, 2009 | ||
| Reuters reports that a federal court yesterday approved a $400 million debtor-in-possession (DIP) loan from hedge fund Farallon Capital Management to help bankrupt mall owner General Growth Properties Inc. Farallon beat out other proposals that were made by activist hedge fund Pershing Square Capital Management and a group offer made by Goldman Sachs (GS) and Brookfield Asset Management. The DIP loan can be paid off in part by stock in new entity when it emerges from bankruptcy. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Pershing Square Capital Management |
Farallon Capital Management |
Related People: Matthew Barger;
Related Entities: Farallon Capital Institutional Partners;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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