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Goldman Sachs Group Inc (GS) Financial News - Kerzner Said to Discuss Extending $2.78 Billion of Mortgages

Goldman Sachs Group Inc (GS)

Kerzner Said to Discuss Extending $2.78 Billion of Mortgages

Quote: One&Only resortsDubai WorldGoldman Sachs Group Inc. (GS)’s Whitehall Funds, Colony Capital LLC and Sol Kerzner, the company’s founder. Blackstone Group LP and Kirkland & Ellis LLP are advising the company on its ongoing restructuring talks while Centerview Partners LLP is advising Sol Kerzner and Moelis & Co. is advising Dubai World, one of the people said. Brookfield Asset Management Inc. is among the holders of Kerzner International’s mortgage debt, the people said. More than $1.4 billion of the debt was sliced up and sold as bonds, according to data compiled by Bloomberg. Representatives of Blackstone, Kirkland and Moelis declined to comment on the talks. Representatives of Kerzner and Centerview weren’t immediately available to return messages. Kerzner, famous for Atlantis’s Mayan-themed water slides and up-close encounters with dolphins, sharks and rays, was taken private in 2006 for $3.6 billion by a group led by its namesake founder. jkeehner@bloomberg.netsmulholland3@bloomberg.net dscheer@bloomberg.netagoldstein5@bloomberg.net ...
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