Pharma Investments, Ventures & Law Weekly
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Fremont General Corporation
Fremont General Enters Into Forbearance Agreement With Majority Senior Debt Holder
June 22nd, 2008
Fremont General Corporation ("Fremont General" or the "Company") (Pink Sheets: FMNT), doing business primarily through its wholly-owned bank subsidiary, Fremont Investment & Loan ("Bank"), announced that the Company entered into a Forbearance Agreement (the "Agreement") with Tennenbaum Multi-Strategy Master Fund ("Tennenbaum"), the majority holder of the Company's $166.5 million of Series B 7.875% Senior Notes due March 2009 ("Senior Notes"), which is intended, among other things, to facilitate the closing of the transactions contemplated by the Purchase and Assumption Agreement (the "Purchase Agreement"), dated April 13, 2008, by and among the Company, the Bank, CapitalSource, Inc....
Source: Pharma Investments, Ventures & Law Weekly (2008-06-22)
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