Brief: FDIC Signature Bridge Bank Receivership Sells 20% In Entity Holding $16.8 Bln Of Commercial Real Estate Loans

Signature Bank

14/12/2023 21:40

Dec 15 (Reuters) - FDIC:
    * FDIC SIGNATURE BRIDGE BANK RECEIVERSHIP SELLS 20 PERCENT
EQUITY
INTEREST IN ENTITY HOLDING $16.8 BILLION OF COMMERCIAL REAL
ESTATE LOANS
    * SAYS HANCOCK JV BIDCO L.L.C. AND OTHER INVESTORS, PAID
$1.2
BILLION FOR A 20 PERCENT EQUITY INTEREST IN SIG CRE 2023 VENTURE
LLC
    * SAYS AS PART OF TRANSACTION, FDIC-RECEIVER PROVIDED
FINANCING
EQUAL TO 50 PERCENT OF VENTURE'S VALUE

Further company coverage:  BX.N  SBNY.PK 

 ((Reuters.Briefs@thomsonreuters.com;))