SEC Filings
8-K | |
HRG GROUP, INC. filed this Form 8-K on 08/09/2016 | |
Entire Document |
<< Previous Page | Next Page >> | |
Our focus in Asset
Management is
mitigating risk to
protect book value
9
Asset Management
Unwind of asset-based loan portfolio continues
—No new loan originations in more than a year
—Outstanding receivable down nearly 80% since the start of this Fiscal year
—Amounts outstanding declining due primarily to capital recovery; no major loans remain
on the books
Received substantial payment on RadioShack loan this quarter of $65.1 million, with an
additional $7.5 million expected
—Better-than-expected recovery
—Reverses a portion of previously recognized impairment
Significant reductions to segment G&A continue
Completed wind-down of Energy & Infrastructure operations during the quarter
| |
<< Previous Page | Next Page >> |