![]() ![]() In communications with other shareholders, Ortelius said it wants the company to have options to raise a smaller amount of near-term capital now that its occupancy levels and financial position are improving.Įarlier this summer Capital Senior Living said it planned to raise capital through a private placement of convertible preferred stock to Conversant Capital, and that Conversant had agreed to backstop an associated rights offering and issue additional debt at a 15% interest rate. (together with its affiliates, Ortelius or we) is one of the largest stockholders of Capital Senior Living. Investment Banking Analyst Merrill Lynch & Co. Fellow Stockholders, Ortelius Advisors, L.P. Shareholders will vote on the financing deal on Oct. Senior analyst at Ortelius Capital Partners, a fund of funds investing in long/short equity and event-driven hedge fund managers. Ortelius recently increased its ownership of Capital Senior Living to 13%. “At this time Capital Senior Living has received no alternative financing proposal from Ortelius or any other party,” a spokesman for the company said. The terms include a lower borrowing rate than the company's proposed raise, the sources added. the idealized capital of Utopia, Thomas Moore settled for a location at the furthest inland point along a major river that would allow a port for sea-faring. Ortelius has also lined up a term sheet for a $46 million bridge loan for Capital Senior Living, in case the company prefers supplemental debt financing, the sources said. At the time, DeSorcy signaled a willingness to provide a near-term cash injection. Ortelius Advisors founder and managing member Peter DeSorcy reportedly has said he is willing to backstop a new equity rights offering of up to 70 million for Capital Senior Living as an alternative to the operator’s fundraising plans with Conversant Capital and its affiliates. The offer comes roughly one month after Ortelius said it intended to block plans by the Dallas-headquartered operator of assisted living and related facilities to raise $152.5 million. Find company research, competitor information, contact details & financial data for Ortelius Capital Parnters LLC of New York, NY. Enter on the search page the full name of the person and the company the person works in. There are 3 ways to find someones email address who is working in Ortelius Capital. Ortelius founder Peter DeSorcy has told other shareholders his firm would be willing to backstop a new equity rights offering of up to $70 million, according to sources and documents reviewed by Reuters.Ĭaligan Partners, another activist investment firm, would also be ready to participate in shoring up fresh capital, the sources said. How to Find Emails of Ortelius Capital employees. ![]()
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