Tag Archives: distressed

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Hedge Funds Circle Yankee Stadium Parking Lots

Distressed investors, including Davidson Kempner Capital and Monarch reportedly are snapping up bonds collateralized by troubled parking facilities at Yankee Stadium. (view story)

Judge OKs Wolverine Tube reorganization plan

Wolverine Tube won approval of its reorganization plan after resolving an objection from its largest noteholder that, until a few days ago, had threatened to derail the proposal. (view story)

Wolverine Tube lender pulls support for plan ahead of confirmation

Plainfield Asset Management is declining to support a reorganization plan for Wolverine Tube because it objects to last minute changes that it argues will harm liquidity in post-reorg securities. (view story)

York buys Quinn debt in suspected loan-to-own bid

York Capital is said to be building a position in the debt of distressed Irish industrial company Quinn Group in what some are speculating is a prelude to taking an active role in a potential restructuring. (view story)

Plain Truth at Plainfield

Plainfield Asset Management Founder & CIO Max Holmes is fighting a smear campaign. (view story)