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.

Comments (4)

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