US group wants €111m of McInerney debt

Oaktree Capital, the Los Angeles based private equity group, is willing to buy €111 million of debt at McInerney Homes at a steep discount in an effort to break the impasse over the future of the troubled housebuilder McInerney, Oaktree and a syndica

Ian Kehoe - avatar

Ian Kehoe

2nd October, 2010

Oaktree Capital, the Los Angeles based private equity group, is willing to buy €111 million of debt at McInerney Homes at a steep discount in an effort to break the impasse over the future of the troubled housebuilder McInerney, Oaktree and a syndicate of the company’s banks have been engaged in discussion for the past three weeks over its future, after the High Court appointed an examiner to the company in August.

While...

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