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Fortress sells assets to reduce debt
Tuesday 7th of August 2007
The money raised from the sales will be used to reduce debt, Macquarie's Peter Lucas says in a statement.In the process of managing the portfolio to reduce leverage to the current levels losses of US$1 million have been realized. This represents about 5% of the aggregate value of Fortress Notes (or 5c per Fortress Note).
"Assuming that the remaining senior loans in the portfolio continu...
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