Receivership for Direct Lending Investments, LLC

Receivership for Direct Lending Investments, LLC

Case Number: 19-02188

Central District of California
Counterparties

Since the commencement of the Receivership, the Receiver has taken possession of the assets and books and records of the business under the supervision of the United States District Court.  Among other things, the order appointing the Receiver provides that the portfolio investments (including loan facilities and other advances) are assets of the Receivership. 

The Receiver may enforce Indebtedness Agreements against the Counterparties. The commencement of the Receivership does not diminish, impair or otherwise lessen the Counterparties’ obligations to DLI under the Indebtedness Agreements.  In particular, Counterparties continue to be required to remit to DLI payment under the Indebtedness Agreements in the amount and in the manner provided for in the Agreements.  In the event the Indebtedness Agreements are not timely paid or another obligations under the Agreements are not timely performed, the Receiver has the right to commence a lawsuit in the District Court or other courts of competent jurisdiction to enforce the Indebtedness Agreements and payment of all amounts owed.

In sum, following the commencement of the Receivership, Counterparties continue to be obligated to pay DLI the full amount of the debt owed.  Failure to remit payment timely may result in the Receiver bringing a lawsuit against the Counterparty to enforce payment.

Locations

  • California
    5 Peters Canyon Road
    Ste 200
    Irvine, CA 92606
    410 Exchange
    Ste 100
    Irvine, CA 92602
  • Colorado

    8269 E. 23rd Avenue
    Ste 275
    Denver, CO 80238

  • Illinois

    500 Davis Street
    Ste 800
    Evanston, IL 60201

  • New York

    7 Times Square
    16th Floor
    New York, NY 10036

  • OHIO

    4540 Honeywell Court
    Dayton, OH 45424

Head Quarters
California
5 Peters Canyon Road
Ste 200
Irvine, CA 92606
410 Exchange
Ste 100
Irvine, CA 92602
Colorado

8269 E. 23rd Avenue
Ste 275
Denver, CO 80238

Illinois

500 Davis Street
Ste 800
Evanston, IL 60201

New York

7 Times Square
16th Floor
New York, NY 10036

OHIO

4540 Honeywell Court
Dayton, OH 45424