RentPath acquisition to hand victory to creditors
A handful of CLOs are poised to benefit from CoStar Group's acquisition of troubled apartment rental listing firm RentPath, which has agreed to be acquired out of bankruptcy for $588m.
The deal was announced last Tuesday as RentPath said it would seek chapter 11 bankruptcy protection. Upon bankruptcy court approval and regulatory review, the closing of the deal would be a boon for creditors, including several CLOs with exposure to RentPath.The firm has a $492.3m term ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org