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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: John Chen who wrote (237129)1/28/2010 2:09:23 PM
From: Pogeu MahoneRespond to of 306849
 
How about bankruptcy for these douchebags?

Hilton Debt Load Weighs on Blackstone
Buyout Firm in Talks With Lenders to Slice $5 Billion Off Loans in Bid to Shore Up Hotel Chain
Article Comments (14) more in Business »
BY LINGLING WEI AND PETER LATTMAN
Blackstone Group LP has begun talks with lenders to cut up to $5 billion from the $20 billion debt load carried by Hilton Worldwide, as the private-equity firm seeks to protect its single biggest investment, according to people familiar with the matter.

The talks are part of a restructuring of corporate debt under way across the economy. Companies hold roughly $1 trillion of senior loans and high-yield bonds that mature before 2015, much of it issued in leveraged buyouts from the middle of the decade. Many of those deals were struck at sky-high valuations, and now owners are trying to ...