A showdown between a lender and a gambler over a New Jersey and South Florida home-construction empire has ended. Solus Alternative Asset Management withdrew its lawsuit against Blackstone Group subsidiary GSO Capital Partners on Wednesday, after reaching a settlement on claims that GSO engineered a debt default by struggling builder Hovnanian Enterprises. In 2017, Hovnanian, which had not made a profit since 2014, borrowed money from Solus to pay off other debts nearing payment deadlines. […]
source https://therealdeal.com/2018/05/31/blackstone-solus-settle-hovnanian-credit-default-swap-dispute/
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