Three of the major lenders to Dewey & LeBoeuf have sold their debt ahead the ailing US giant’s expected bankruptcy. A source familiar with the matter told the Am Law Daily that three of the four banks that extended Dewey a $100m (£63.7m) line of credit - Citi Private Bank, Bank of America and HSBC - have sold their portions of the debt.
May 25, 2012 at 07:02 AM
1 minute read
The original version of this story was published on Legalweek
Three of the major lenders to Dewey & LeBoeuf have sold their debt ahead the ailing US giant’s expected bankruptcy, writes the Am Law Daily.
A source familiar with the matter told the Am Law Daily that three of the four banks that extended Dewey a $100m (£63.7m) line of credit – Citi Private Bank, Bank of America and HSBC – have sold their portions of the debt.
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