Highland Capital Management Extends Bank Credit Facility
DALLAS, July 23 /PRNewswire/ -- Highland Capital Management, L.P. ("Highland") announced today that it has successfully extended its bank credit facility to June 30, 2011.
"The extension of our credit facility will give us flexibility to grow our market-leading alternative asset management business," said Jim Dondero, President. "It also reflects lender confidence in our business model despite challenging times. Highland is ideally positioned for market opportunities and remains committed to servicing the investment needs of our clients."
About Highland Capital Management
Highland Capital Management, L.P. ("Highland") is an SEC-registered investment adviser with over $27 billion of assets under management. Highland is one of the largest global alternative fixed income managers, specializing in bank loans, high yield credits and structured products. Its credit team remains one of largest and most experienced in the industry. The firm's in-house restructuring and private equity staff provides their clients with strategy, M&A and operations capabilities. Highland's diversified client base includes corporations, financial institutions, governments, foundations and endowments, and high net worth individuals. Highland Capital is headquartered in Dallas, Texas and maintains offices in New York, London and Singapore.
