BLACKROCK TO TAKE $150 MILLION 100% LOSS ON A PRIVATE CREDIT LOAN TO BANKRUPT RENOVO HOME PARTNERS

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Just last month Blackrock had the debt marked at par, meaning it would receive repayment of 100%. Now that has become a total loss and write down as the private credit borrower has gone bankrupt. This is how fast things will and can unravel in busted private credit deals.

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