Creditors of SVB Financial Group, Silicon Valley Bank’s parent company, have banded together in hopes of profiting off a post-bankruptcy sale of the...
Creditors of SVB Financial Group, Silicon Valley Bank’s parent company, have banded together in hopes of profiting off a post-bankruptcy sale of the distressed company’s business segments, the Wall Street Journal reported on Tuesday. The group, which holds a substantial amount of SVB Financial bonds scooped up over the past few days, includes PIMCO, Centerbridge Partners LP and Davidson Kempner Capital Management LP, the Journal said, with PJT Partners Inc. PJT serving as advisor.
Creditors of SVB Financial Group, Silicon Valley Bank’s parent company, have banded together in hopes of profiting off a post-bankruptcy sale of the distressed company’s business segments, the Wall Street Journal reported on Tuesday. The group, which holds a substantial amount of SVB Financial bonds scooped up over the past few days, includes PIMCO, Centerbridge Partners LP and Davidson Kempner Capital Management LP, the Journal said, with PJT Partners Inc. PJT serving as advisor.
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