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Centerbridge-Backed Suntex Marinas Taps BofA for U.S. IPO

Suntex Marinas Investors LLC, an owner and operator of marinas across the U.S. backed by Centerbridge Partners LP, has hired a lead underwriter as it prepares for a U.S. initial public offering, according to people with knowledge of the matter. 

The Dallas-based real estate investment trust tapped Bank of America Corp. to helm a listing that could occur as soon as the third quarter, said one of the people, all of whom requested anonymity discussing the plans. Any transaction may value the company at more than $3 billion and is dependent on market conditions, the person said.