Private credit investors HPS Investment Partners and Oaktree Capital Management have taken control of MBS Group after the production equipment supplier defaulted on its debt, highlighting the mounting pressure on businesses tied to Hollywood’s prolonged slowdown, according to a report by the Financial Times.
The report cites unnamed people familiar with the transaction as revealing that the lenders, along with other creditors, assumed ownership of MBS last week after converting hundreds of milli...
Continue Reading
Sign up for FREE to read the full article and access 152K+ alternative investment headlines.
Alternative Investment News