Bankruptcy

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Blackstone moves to take full ownership of Stearns Lending when lender exits Chapter 11 bankruptcy

Sep 12, 2019By

When and if Stearns Holdings, the parent company of Stearns Lending, successfully completes a “comprehensive financial restructuring” and reorganization through Chapter 11 bankruptcy, the company will emerge with a new owner: Blackstone. The agreement is the result of negotiations between Stearns, Blackstone, and PIMCO. Here’s the full story.