Invictus Global Management Offers to Provide Financing to Capital Senior Living on Reasonable, Market-Based Terms

Rhea-AI Summary

Invictus Global Management, a shareholder of Capital Senior Living Corporation (CSU), has expressed its willingness to provide a financing solution that would offer the Company $150 million at a significantly lower cost than the proposals from Conversant Capital. Amit Patel, Partner at Invictus, contends that the current transaction proposed by Conversant is not beneficial to CSU shareholders. Invictus urges the Company to engage in discussions about their alternative proposal, which is framed as being in the best interest of all shareholders.

Positive

• Invictus offers a superior financing solution of $150 million at lower costs than Conversant's proposal.
• The proposal aims to benefit all shareholders, indicating a shareholder-focused approach.

Negative

• Invictus criticizes the current financing proposal from Conversant as unfavorable for CSU shareholders.
• Potential shareholder dissatisfaction with the Conversant transaction could lead to broader concerns about management decisions.

AUSTIN, Texas, Sept. 29, 2021 /PRNewswire/ -- Invictus Global Management, LLC (together with its affiliates, "Invictus"), a shareholder of Capital Senior Living Corporation ("CSU" or the "Company") (NYSE: CSU), today indicated a willingness to provide a comprehensive financing solution for the Company on terms substantially better than those offered by Conversant Capital LLC ("Conversant").

"We do not believe the proposed Conversant transaction is in the interest of the Company, nor that it will garner the support of CSU shareholders," said Amit Patel, Partner, Invictus. "We stand ready to engage with the Company, as soon as it is contractually able to engage with us, about a far superior alternative to that financing. Our structure would provide the Company with the $150 million in capital it seeks at a significantly lower cost to the Company and in a manner that would benefit all shareholders."

Invictus encourages the Company to engage with Invictus and its advisors as soon as it is able.

About Invictus Global Management
Invictus is an Austin based private equity fund focused on special situations and private credit.

Investor and Media Contact:
Amit Patel
Info@invictus-gm.com

View original content:https://www.prnewswire.com/news-releases/invictus-global-management-offers-to-provide-financing-to-capital-senior-living-on-reasonable-market-based-terms-301388288.html

SOURCE Invictus Global Management, LLC

FAQ

What is Invictus Global Management's proposal for Capital Senior Living Corporation (CSU)?

Invictus proposes a financing solution to provide Capital Senior Living with $150 million at lower costs than the current proposal from Conversant Capital.

Why does Invictus Global Management oppose the Conversant Capital transaction for CSU?

Invictus believes the Conversant transaction is not in the best interest of the Company and will not gain shareholder support.

What are the terms of Invictus Global Management's financing solution for CSU?

Invictus's financing solution offers better terms compared to Conversant's proposal, emphasizing lower costs for the Company.

How does Invictus Global Management suggest engaging with CSU regarding their proposal?

Invictus encourages Capital Senior Living to engage with them as soon as contractually permitted to discuss their financing alternative.