WSJ: Fortress Investment In Dual Role In Loan Refinance Talks – Update
Investment management firm Fortress Investment Group LLC (FIG) is in talks with lenders to refinance a $1.6 billion loan on real-estate and railroads company Florida East Coast Industries Inc., the Wall Street Journal reported Monday, citing people familiar with the talks. The talks have however been complicated by Fortress’ dual roles as it owns both debt and equity in that company, the report noted.
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