Le Lézard
Classified in: Business
Subject: CON

Invictus Global Management Offers to Provide Financing to Capital Senior Living on Reasonable, Market-Based Terms

AUSTIN, Texas, Sept. 29, 2021 /PRNewswire/ -- Invictus Global Management, LLC (together with its affiliates, "Invictus"), a shareholder of Capital Senior Living Corporation ("CSU" or the "Company") (NYSE: CSU), today indicated a willingness to provide a comprehensive financing solution for the Company on terms substantially better than those offered by Conversant Capital LLC ("Conversant").

"We do not believe the proposed Conversant transaction is in the interest of the Company, nor that it will garner the support of CSU shareholders," said Amit Patel, Partner, Invictus. "We stand ready to engage with the Company, as soon as it is contractually able to engage with us, about a far superior alternative to that financing. Our structure would provide the Company with the $150 million in capital it seeks at a significantly lower cost to the Company and in a manner that would benefit all shareholders."

Invictus encourages the Company to engage with Invictus and its advisors as soon as it is able.

About Invictus Global Management
Invictus is an Austin based private equity fund focused on special situations and private credit.

Investor and Media Contact:
Amit Patel

SOURCE Invictus Global Management, LLC

These press releases may also interest you

at 10:24
Two media professionals, Muhammad Al-Yahyai and Dahem Al-Qahtani, have recently joined "Alaraby TV" to present two programs, namely "Khaleej Al Arab (Arab Gulf)" and "Qeraa Thania (Second Reading)." Omani journalist Muhammad Al Yahyai will present...

at 10:00
Tidel, a world leader in cash automation systems for the retail marketplace, today announced the TR180, a next generation retail cash recycler offering an unparalleled combination of performance, ergonomics, and configurability, all in a fully...

at 03:00
Powerbridge Technologies Co., Ltd. ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, today announced that it has received a notification letter (the "Notification Letter") from the Nasdaq Stock Market LLC (the...

at 02:00
From the 18th to midnight (UTC+8) on the 25th of January, investors depositing Inflation Hedging Coin (IHC) tokens on the X-Meta Exchange (x-meta.com) will be eligible for an exclusive reward of 5% of the total amount of IHC tokens they deposit. The...

15 jan 2022
Beyond Protocol, the distributed ledger technology platform, is proud to announce that its native token, $BP, will be listed on Gate.io starting Sunday. Gate.io is one of the top 10 crypto exchanges in the world. "Beyond Protocol is excited to...

15 jan 2022
WHAT: HairClub, with our Miami Heat partner, is donating a once-in-a-lifetime all-inclusive suite night and 200 tickets to a deserving selection of community-driven centers and organizations around South Florida. WHO/WHEN: As part of HairClub's...

News published on 29 september 2021 at 17:48 and distributed by: