Brookstone's Bondholders Revealed In Court Docs

Law360, New York (April 11, 2014, 5:06 PM EDT) -- The bondholder group driving Brookstone Holdings Corp.’s Chapter 11 restructuring is composed primarily of investment companies, including private equity firms and hedge funds, according to a statement filed in Delaware bankruptcy court Thursday.

According to a verified statement, the ad hoc committee of second-lien noteholders own over $101 million of Brookstone’s $250 million in total debts. The 13 percent second-lien notes are due to mature in October, according to court documents. 

The company’s largest second-lien noteholder, Los Angeles-based investment management firm Canyon Partners Inc., holds $25.6...
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