Nassau Broadcasting Faces Involuntary Bankruptcy in Delaware
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Nassau Broadcasting Partners LP, a closely held company that runs radio stations in the northeast U.S., faces an involuntary petition for its bankruptcy from creditors owed more than $83.8 million including Goldman Sachs Lending Partners LLC and Fortress Credit Opportunities LP.
Goldman said it’s owed more than $69.8 million, Fortress made a claim for more than $11.2 million, and P.E. Capital LLC. seeks $2.8 million, according to the Chapter 7 petition filed in U.S. Bankruptcy Court in Wilmington, Delaware, today.