- Category
- Announcements
- Date
- May 08, 2014
- Title
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Kramer Levin Advises Capmark Financial Group in Strategic Investment by Centerbridge Partners
Kramer Levin client Capmark Financial Group Inc. closed a previously announced agreement with affiliates of Centerbridge Partners, L.P. for a strategic investment in Capmark by Centerbridge. The investment by Centerbridge included $5 million of convertible preferred stock and five year warrants to acquire 43 million shares of Capmark common stock issued at closing, and the future purchase from Capmark of up to $100 million in aggregate principal amount of seven year subordinated floating rate pay-in-kind notes. Funds will be used to finance one or more future acquisitions mutually approved by Capmark and Centerbridge.
The Kramer Levin team advising Capmark on the deal includes corporate partner Abbe L. Dienstag and associates Jeffrey Taylor, Amanda Webber, and Serena G. Granger; and tax partner Barry Herzog and special counsel Blake A. Rigel.
Related People
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Abbe L. Dienstag
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- Counsel
- New York
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Amanda Webber
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- Associate
- New York
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Barry Herzog
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- Partner
- Chair, Tax
- New York
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