SoHo Building Owner's Ch. 11 Plan: A Closer Look
Published . Updated .
The Chen Foundation — owner of a mixed-use Manhattan building — is in hot pursuit of confirmation for its Chapter 11 plan, with backing from its senior lender and most of its unsecured creditors for a proposal that would see the secured lender take a reduced cut and fund payouts
Directly affected
- SNIRF Senior
Named in this report.
Indirectly affected
- SPY SPDR S&P 500
The broad U.S. stock market
- TLT iShares 20+ Year Treasury Bond
Long-term U.S. government bonds
- QQQ Invesco QQQ
Large technology stocks
- GLD SPDR Gold Shares
Gold can move with the broad market
Price reaction, T-5 to T+3
SoHo Building Owner's Ch. 11 Plan: A Closer Look Law360
Source: Law360
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