October 24, 2019

$46.5 Million High Yield Loan Relationship Performing Under Bankruptcy Plan in California

DebtX is pleased to announce the sale of a secured claim under a recently confirmed bankruptcy plan. The asset is well secured by liens on 22 sites totaling approximately 10,750 acres of land in California. The claim is currently performing under the reorganization plan accruing interest at a WAC of 11%. The plan expires in February 2021 (16 months after the effective date of the plan).

Final Bids are due before 2pm ET November 14th.

For more information please contact Mike Roth at mroth@debtx.com or 617-531-3424.

You must be registered with DebtX to receive detailed information about these loans and to participate in the sale. To register, please visit our registration page.