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Newcastle Investment Corp. Message Board

  • codehead321 codehead321 Mar 12, 2013 12:19 PM Flag


    no one has posted anything about the new partnership. The recent deal, purchase of HSBC loans, will be done in a partnership, where NCT will own 50% and the other entity the other 50%. The partnership will be able to sell other interests and to incur debt. NCT will contribute 450M. It looks to me like they will be finally using some debt to finance some of these transactions which means leveraged returns!

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    • Thanks for posting this, Codehead. I didn't realize it would be a p-ship, but had definitely been thinking that this most recent purchase was going to be financed at least in large part with debt. Wes Edens has alluded to the fututre use of prudent debt levels on the a couple of the more recent conference calls. I think you are right - this will juice the returns to shareholders going forward. Thanks for pointing it out.

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