Chapter 11 voluntary bankruptcy

I wanted to see if anyone has experience lending to a sponsor who has previously voluntarily filed bankruptcy (chapter 11) through a borrower SPE on an unrelated property. Can share more details over PM. Thanks in advance.

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Dec 31, 1969

Did you check to see if it's PIK debt?

if you like it then you shoulda put a banana on it

Dec 31, 1969

As FRGNA said above, it probably has a PIK option. Also as an FYI, many DIP loans (credit facilities) have a bullet at maturity feature which means that there isn't a principal amortization schedule.

Dec 31, 1969
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