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Paulson Group to Restructure Debt on Ex-Morgan Stanley Resorts

Lenders including Paulson & Co., Winthrop Realty Trust and Capital Trust Inc. face a Feb. 1 deadline to negotiate a debt extension on resorts seized from Morgan Stanley’s real estate funds in a foreclosure auction.

“The plan is to speak to all of the senior creditors and restructure all of the debt,” said David Broderick, a partner with Allen & Overy LLP, who represents the winning bidders in yesterday’s auction.