Beacon Defaults On $678M Loans Backed By London Building
Ulysses (European Loan Conduit No. 27) PLC, which issued bonds backed by the loans, said in a filing with the Irish Stock Exchange that borrower CityPoint Holdings I Ltd., one of Beacon's funds, missed an interest payment that was due Jan. 20.
The loan was backed by CityPoint, a 36-floor tower owned by Beacon in northern...
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