Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Capmark Settles With Lenders Owed $1.5 Billion to Avoid Lawsuit

Aug. 31 (Bloomberg) -- Capmark Financial Group Inc., the bankrupt lender partly owned KKR & Co. and Goldman Sachs Group Inc., reached a settlement with lenders designed to avoid litigation over a $1.5 billion loan.

The settlement will save the company between $108 million and $135 million on the loan and avoid a lawsuit that might cost $50 million, according to court papers filed by Capmark and the lenders.

Link to Company News:{24956Z US <Equity> CN <GO>} Link to Company News:{C US <Equity> CN <GO>} Link to Company News:{GS US <Equity> CN <GO>}

To contact the reporter on this story: Steven Church in Wilmington at schurch3@bloomberg.net

To contact the editor responsible for this story: Stephen Farr at sfarr@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.