| WILMINGTON, Del., Nov 03, 2009 (BUSINESS WIRE) --
Wilmington Trust, a leading provider of institutional trustee, agency,
and administrative services through its Corporate Client Services (CCS)
business, said today that it has been appointed by the United States
Trustee to serve as a member of the unsecured creditors' committee in
the bankruptcy of Capmark Financial Group Inc., which filed for Chapter
11 protection on October 25, 2009 in the United States Bankruptcy Court
for the District of Delaware.
Previously Wilmington Trust was named as successor trustee for holders
of approximately $500 million of 6.30% senior notes due 2017. The
bankruptcy filing of Capmark Financial poses no credit or investment
risk to Wilmington Trust, nor does it affect Wilmington Trust's balance
sheet. Wilmington Trust is paid a fee for the services it provides in
this case.
Wilmington Trust's CCS business offers institutional trustee, agency,
asset management, retirement plan, and administrative services for
clients worldwide who use capital market financing structures, as well
as those who seek to establish or maintain nexus, or legal residency,
for special purpose entities. Because Wilmington Trust does not
underwrite securities offerings or provide investment banking services,
it is able to deliver corporate trust services that are conflict-free.
Wilmington Trust Corporation (WL, Trade ) is a financial services holding
company that provides Regional Banking services throughout the
mid-Atlantic region, Wealth Advisory Services for high-net-worth clients
in 36 countries, and Corporate Client Services for institutional clients
in 88 countries. Its wholly owned bank subsidiary, Wilmington Trust
Company, which was founded in 1903, is one of the largest personal trust
providers in the United States and the leading retail and commercial
bank in Delaware. Wilmington Trust Corporation and its affiliates have
offices in Arizona, California, Connecticut, Delaware, Florida, Georgia,
Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New
York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the
Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.
SOURCE: Wilmington Trust Corporation
Wilmington Trust Corporation
News Media
Bill Benintende
Public Relations
302-651-8268
wbenintende@wilmingtontrust.com
or
Investors and Analysts
Ellen J. Roberts
Investor Relations
302-651-8069
eroberts@wilmingtontrust.com
|
