by Clancy Nolan
MSR Resort Settles with Singapore Gov’t, Five Mile Capital
Posted on: September 20, 2011 by Clancy NolanNo Comments »
MSR Resort, a hotel chain owned by Paulson & Co., has reached a settlement with its creditors, the Government of Singapore Investment Corp. and Five Mile Capital, Reuters reported. The deal, MSR says, will allow it leeway to come up with a plan to emerge from bankruptcy, Reuters wrote. Under the settlement, MSR will present its plan by September 1, 2012. The company filed for bankruptcy in February.
