Jan. 14 (Bloomberg) -- Extended Stay Hotels Inc., the bankrupt hotelier with $7.6 billion of debt, has been in talks with investment firms Centerbridge Partners LP and Paulson & Co. on a $400 million infusion of cash for restructuring.
A potential $200 million equity investment and $200 million backstopped rights offering have been “agreed to in principle,” the hotel chain said in a Jan. 12 filing in U.S. Bankruptcy Court in New York.
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