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Perelman faces setback after deluxe rating cut to ccc.
- Source :
- Bloomberg.com; 9/10/2014, pN.PAG-N.PAG, 1p
- Publication Year :
- 2014
-
Abstract
- The $605 million of loans to Deluxe Entertainment Services Group Inc., which Perelman controls through his MacAndrews & Forbes Holdings Inc., were quoted at 88 cents on the dollar Aug. 26, according to Markit. In 2013, Perelman's private-equity firm invested $59 million in the company through a bridge loan to help it transition to digital, according to a marketing document for the $605 million term loan obtained by Bloomberg News. [Extracted from the article]
- Subjects :
- INFORMATION services
DEBT service
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 140458657