Bank of America and Goldman Sachs Group are seeking to unload as much as $5bn in debt left over from the 2007 buyout of Hilton Worldwide, according to people familiar with the negotiations. The banks may package into securities a $3bn piece of a mortgage taken out by Blackstone Group to finance its acquisition of the hotel chain in 2007, said the people, who declined to be identified because the discussions are private.
BofA, Goldman said to offer $5bn Hilton debt
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.