Fortress on both sides of the table in real estate and railroad deal

07/14/2009 | Wall Street Journal, The

Negotiations to refinance a $1.6 billion loan tied to the real estate and railroad assets of Florida East Coast Industries involve Fortress Investment Group on both sides of the table, acting as both a lender and a borrower. Fortress has a $2 billion equity stake in Florida East Coast, and funds managed by Fortress are, together, now the firm's biggest lender.

View Full Article in:

Wall Street Journal, The

Published in Brief: