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Arcapita Seeks New Bankruptcy Loan From Goldman

Arcapita Seeks New Bankruptcy Loan From Goldman

Goldman Sachs Group Inc. (GS), which is already providing Arcapita Bank $350 million in bankruptcy exit financing, is now seeking to give the Bahrain investment firm a $175 million bankruptcy loan that would pay off existing lender Fortress Investment …

Arcapita to File Chapter 11 Plan by Dec. 14

Arcapita to File Chapter 11 Plan by Dec. 14

Bahrain investment firm Arcapita Bank has time until Dec. 14 to submit a reorganization plan without the threat of rival proposals. The company shall not seek any further extensions after that date. The extension was approved by judge Sean H. Lane of U…