SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CMM - REITs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Eric L. who wrote ()7/13/1999 9:29:00 AM
From: leigh aulper  Read Replies (1) of 126
 
CRIIMI MAE Working to Finalize Equity Proposal; Files Motion for an Order to Extend Exclusivity Period

ROCKVILLE, Md., July 13 /PRNewswire/ -- CRIIMI MAE Inc. (NYSE: CMM) filed a motion with the Bankruptcy Court to extend for an additional two months the Company's exclusive period to file a plan of reorganization. The exclusive period is currently scheduled to terminate on August 2, 1999. The Company indicated in its motion that it was in negotiations with a substantial party to finalize an agreement for an equity investment of up to $200 million. This party is continuing its due diligence review of the Company. This investment would be part of an approximately $920 million funding of a plan of reorganization consisting of the private placement of equity, bank financing and the issuance of high yield debt. Although there can be no assurances, the Company's financial advisor, Wasserstein Perella & Co., expects that an agreement can be executed by the end of July.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News