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Exclusive-PacWest Corp in talks for liquidity boost with Atlas SP-sources
Abstract：By Anirban Sen and David French NEW YORK (Reuters) – PacWest Corp is in talks about a liquidity boost with Investment firm Atlas SP Partners, two people familiar with the matter said on Thursday, in the latest example of a U.S. regional bank exploring such an
By Anirban Sen and David French
NEW YORK (Reuters) – PacWest Corp is in talks about a liquidity boost with Investment firm Atlas SP Partners, two people familiar with the matter said on Thursday, in the latest example of a U.S. regional bank exploring such an option in the wake of Silicon Valley Banks failure.
PacWest is considering a range of options to boost its coffers and there is no certainty that any deal will materialize, the sources said. The details of the liquidity boost that Atlas SP is discussing with PacWest could not be learned.
The sources requested anonymity because the matter is confidential. Atlas SP and PacWest did not immediately respond to requests for comment.
(Reporting by Anirban Sen and David French in New York; Editing by Greg Roumeliotis)
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