Blackstone tries to restructure Hilton's $20 billion debt
Blackstone Group is trying to scale back the debt service on its single biggest investment, Hilton Worldwide. One of the options being talked about is Blackstone putting in as much as $800 million of new equity to buy back some of Hilton's debt at a discount. Blackstone aims to trim about $5 billion from the Hilton Worldwide debt, The Wall Street Journal reported, quoting people familiar with the matter.
Wall Street Journal, The | 10/28
This story published in Real Estate Investment SmartBrief on 10/28/2009
More from SmartBrief:
Wall Street's "quants" try to get their models right this time
Tuesday, September 15, 2009
Wall Street, Chinese developers scramble to launch IPOs
Wednesday, September 2, 2009
Treasury to refrain from influencing rescued firms' decisions
Monday, July 6, 2009
Get stories like these delivered daily for FREE:
|
Real Estate Investment SmartBrief
Real Estate Investment SmartBrief is a FREE, daily e-mail newsletter covering the publicly traded real estate industry. It provides the latest news and information you need to stay informed about important issues impacting your business. Sign up today to receive Real Estate Investment SmartBrief. Learn more |
|