NEW CANAAN, Conn., March 9, 2017 /PRNewswire/ — Matlin & Partners Acquisition Corporation (the “Company”) announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit. The units will be listed on the NASDAQ Capital Market and trade under the ticker symbol “MPACU” beginning March 10, 2017. Each unit consists of one share of the Company’s Class A common stock and one warrant, each warrant enabling the holder thereof to purchase […]

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NEW CAANAN, Conn., March 15, 2017 /PRNewswire/ — Matlin & Partners Acquisition Corporation (NASDAQ: MPACU) (the “Company”) announced today that it closed its initial public offering of 32,500,000 units, including 2,500,000 units issued pursuant to the underwriter’s over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $325,000,000. The Company is a newly organized blank check company formed for the purpose of effecting a merger or other business combination with a […]

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NEW YORK — January 8, 2016 — MatlinPatterson, an alternative asset manager of distressed and other credit opportunities, today announced that the MP Securitized Credit Fund (the “Fund”) has been awarded “Recognized Leader in Securitized Credit Asset Management & Best Long/Short Credit Fund (3yrs)” by Acquisition International at the publication’s 2016 AI Hedge Fund Awards. MatlinPatterson’s securitized credit business is co-managed by Marc Rosenthal and Noelle Savarese, and invests from […]

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News Release Standard Pacific Corp. and The Ryland Group, Inc. Announce Merger of Equals Creating America’s Fourth Largest Homebuilding Company Combined Company Will Operate in 41 Markets Across 17 States with New Home Offerings Spanning Entry Level Through Luxury IRVINE and WESTLAKE VILLAGE, CALIFORNIA, June 14, 2015. Standard Pacific Corp. (NYSE: SPF) and The Ryland Group, Inc. (NYSE: RYL) today jointly announced that their respective boards of directors have unanimously […]

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The Washington Post – King of the Bad-News Bulls; WorldCom’s Distresses Are Investor David Matlin’s Successes Christopher Stern, October 10, 2003 To thousands of investors, WorldCom Inc.’s revelation on June 25, 2002, that it had committed the largest fraud in history was a shrill alarm warning of impending financial disaster. But for David J. Matlin, the announcement was more like a starting gun going off in a race to take […]

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The Deal – MatlinPatterson closes fund at $1.66B By Vyvyan Tenorio, October 7, 2004 New York distressed debt specialist MatlinPatterson LLC has closed a second fund at $1.66 billion, overcoming a more difficult fundraising environment than when it raised its first fund in 2002. When founders David Matlin and Mark Patterson left Credit Suisse First Boston to form their own fund, raising $2.2 billion, it was a time of high-profile […]

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The Deal – Exit revisited: NRG Energy Inc. By Soma Biswas, January 28, 2005 All too often, a debtor races from bankruptcy only to stumble once it emerges. One year out, however, NRG Energy Inc. seems to have succeeded on both fronts, reorganizing swiftly and then scoring major stock gains and better loan terms as a revamped company. Its quick exit and post-Chapter 11 success are especially notable given the […]

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The Deal – Huntsman investment pays off By David Carey and Lisa Gewirtz, February 11, 2005 Once-troubled Huntsman Corp. completed a $1.6 billion initial public offering Friday, Feb. 11, delivering a hefty profit to a vulture investor that had seized a stake in the chemicals maker when it was near bankruptcy in 2002. It was the fourth successful IPO exit from a chemicals company by financial sponsors in three months, […]

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The Deal – MatlinPatterson rescues Heros By Andrew Bulkeley, April 12, 2006 New York distressed asset specialist MatlinPatterson Global Advisors LLC on Monday, Feb. 10, stepped in to rescue armored car operator Heros Verwaltungs GmbH after a €300 million ($363 million) embezzlement forced the German company to seek protection from creditors in February. MatlinPatterson plans to keep 3,000 of Heros’ original 4,600 employees and will inject fresh capital into the […]

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Reuters – MatlinPatterson raises new $5 billion fund By Dane Hamilton, June 26, 2007 NEW YORK, June 26 (Reuters) – “Vulture” firm MatlinPatterson LP is set to close on a new private equity fund of about $5 billion to buy distressed companies, making it one of the largest such funds, a source close to the matter said on Tuesday. MatlinPatterson, founded by veteran distressed debt specialists David Matlin, Mark Patterson […]

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