Guggenheim Investments Considers Buying Its Beleaguered Loan Amid Federal Probe
Guggenheim Investments is reportedly considering having its affiliates purchase a hard-hit loan, as one of its funds reaches Great Financial Crisis-era lows. This development comes amidst a federal probe into Walter's empire, to which the loan is connected.
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Guggenheim Investments Says Affiliates May Buy Its Hard-Hit Loan
Guggenheim Investments, the asset-management arm of Mark Walter’s Guggenheim Partners, is telling lenders that affiliates may look to buy portions of a loan issued by its financing entity after the debt’s value collapsed in recent weeks.
By Reshmi Basu
Read full article →Guggenheim Investments says affiliates may buy its beleaguered loan - report
Read full article →Guggenheim Loan Craters, Fund Hits GFC Lows As Feds Probe Walter's Empire
Guggenheim Loan Craters, Fund Hits GFC Lows As Feds Probe Walter's Empire A first-lien loan due in 2031 tied to Guggenheim Investments, the asset-management arm of Mark Walter's Guggenheim Partners, cratered to roughly 72 cents on the dollar Monday, according to Bloomberg data. The hefty discount suggests that lenders remain unconvinced by management's efforts to contain mounting fears over deteriorating earnings, accounting practices and ongoing federal investigations into Walt...
By Tyler Durden
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