Harbinger Gets MSD Capital Loan

Jun 20 2012 | 12:21pm ET

Cash-strapped Harbinger Capital Partners has taken out a new loan—from a Michael Dell-affiliated credit fund.

The $1.78 billion MSD Credit Opportunity Fund and Harbinger's flagship hedge fund entered into a note-purchase agreement on Thursday. The deal gives MSD Credit the right to swap up to $50 million in loans for shares of Harbinger's publicly-listed permanent capital vehicle, Harbinger Group.


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