Capmark Files for Bankruptcy With $21 Billion in Debt

(Bloomberg) — Capmark Financial Group Inc., the lender owned by companies including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion.

The company listed consolidated debt of $21 billion and consolidated assets of $20.1 billion as of June 30, according to Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. Forty-three affiliates also sought protection.

via Capmark Files for Bankruptcy With $21 Billion in Debt (Update1) – Bloomberg.com.

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