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What has happened in Paterson and Bayonne paints a vivid picture of the distressed situation of New Jersey's hospital industry.
"They're helping to protect people in their homes and they're refinancing people from a distressed situation," he said.
His father, William Reynolds Sr., the park's chief executive, said, "These diminished funds have impacted the company and placed it in this faltering and distressed situation".
For someone to come in during a pretty distressed situation and invest what they have and keep the faith, they deserve this and even more than this.
They are backed by the cars that Ford has leased, but in a distressed situation, it is not clear that those assets would have enough value to pay off the loans.
"It is hard to imagine this company being in a distressed situation," Juan Carrion of Barclays Capital said, "not so much on the basis of how the businesses are performing, but on the implication that there will be government support".
Similar(48)
TPG is well-versed in investing in distressed situations.
Some developers have been able to exploit distressed situations.
She's made calls to get kids in distressed situations in to college.
That's been one of the areas in which I excel — finding distressed situations and turning them around.
That fund, which has a closed-end structure, will look for opportunities stemming from Europe's debt crisis and other distressed situations, the filing says.
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