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JOINT CHAPTER 11 PLAN OF REORGANIZATION FOR PROTERRA INC AND ITS DEBTOR AFFILIATE PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP ...
The Federal Deposit Insurance Corporation (FDIC) has kicked off the unloading of Signature Bank (SBNY)’s roughly $60 billion commercial real estate loan portfolio. The FDIC announced Tuesday the start of a marketing process for approximately $33 billion of loans originated by Signature prior to the bank’s collapse in March — one of the biggest dominoes to fall in a wider regional banking crisis. Newmark (NMRK) was retained by the FDIC in late March to sell off the Signature debt in seven pools, a process the FDIC said will take place over the next three months.
The Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately US$ 33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure of Signature Bank, New York, New York. According to the press release, “The majority of the CRE loan portfolio being marketed is comprised of…
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The Regal Cinemas owner also said it would terminate plans to sell its U.S., U.K. and Ireland businesses