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10, 2021.Ĭapital Senior Living shares ended the regular trading day down nearly 9.2% at $29.06 per share. The company and BBVA agreed to a one-year extension of a $40.5 million bridge loan set to expire on Dec. The bank issued a notice of default letter indicating the loan is callable, and the two parties have been in discussions to resolve the issue. Die lateinische Ausgabe erschien unter dem Titel Theatrum orbis terrarum. The operator has $72 million of maturing mortgage debt with recourse provisions due in December 2021, and another $37 million of non-recourse mortgage debt maturing in April and May of 2022.Īdditionally, Capital defaulted on $31.5 million in partial recourse mortgage debt held by Fifth Third Bank at the end of Q1 2021. The company argues that the Conversant transaction provides the best path forward in its ability to remain a going concern.Ĭapital says it is in immediate need of $15 million in working capital, or else it would not have the funds to continue bankrolling occupancy and revenue recovery while simultaneously serving the terms of its outstanding debt.
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“ is engaged in a misguided campaign to solicit votes against the Transactions yet has not provided any path or vision to shareholders about how the company can survive (much less grow and thrive) in the absence of the Transactions,” Capital wrote in a letter to shareholders. (together with its affiliates, 'Ortelius' or 'we'), which owns approximately 12.7 of the outstanding common stock of Capital Senior Living Corporation (NYSE: CSU) ('Capital Senior Living' or the 'Company'), today announced Glass, Lewis & Co. With Ortelius, you can easily view your ‘logical’ application’s SBOM, CVEs, service dependencies, and inventory based on versions. NEW YORK, October 14, 2021-Ortelius Advisors, L.P.
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#ORTELIUS CALIFORNIA SOFTWARE#
Capital also previously addressed Ortelius’ attempts to block the recapitalization efforts, arguing that it did not have a viable and competing plan. Ortelius is a unified microservice catalog designed to track and version your microservice software supply chain along with all consuming ‘logical’ applications.
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