Market Chatter: MetLife, Ares Management Clash Over Eagle Football Debt Restructuring Plan
MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported Thursday, citing people familiar with the matter.Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, according to the report.Eagle Football has warned of a critical financial position, with Ares marking down exposure and the football group facing regulatory and sporting risks if funding is not secured, the report added.MetLife and Ares Management did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $82.45, Change: $-0.75, Percent Change: -0.90%