Pelorus Management Group Responds to False Claims by Arena

Pelorus Management Group Takes a Stand Against Misinformation

Pelorus Management Group, LLC, has recently addressed misleading claims made by Arena Investors, LP. The response highlights the commitment Pelorus has towards its investors and maintaining accurate communications in the financial industry. The company's proactive approach underscores its dedication to integrity and transparency.

Clarifying the Miscommunication

In a letter dated September 5, Pelorus found itself reacting to allegations put forth by Arena. The statement issued by Pelorus asserted that these accusations were not only inaccurate but also inflammatory in nature. Understanding the importance of clear communication, Pelorus responded swiftly to dispel any misinformation.

Commitment to Investors

Pelorus emphasized that the core tenets of its business revolve around maintaining strong relationships with investors and noteholders. In a time when trust is paramount, the organization expressed disappointment over Arena's choice to publicly air grievances through misguided accusations.

Recent Actions Regarding Notes

During the recent fiscal quarter, Pelorus took steps to enhance the collateral backing the 7.00% senior secured notes. This action was not only a strategic move in alignment with the agreements governing these financial instruments, but it was also executed with the best interests of noteholders in mind. Such efforts reflect Pelorus' ongoing commitment to its financial obligations.

Compliance and Commitment to Governance

In addressing the concerns from Arena, Pelorus reaffirmed its compliance with the covenants outlined in the Note Purchase Agreement from September 2021. They highlighted their satisfactory payment history in accordance with agreement terms and expressed anticipation to meet these obligations until the maturity of the notes in 2026. By consistently adhering to these commitments, Pelorus demonstrates exceptional corporate governance.

Continuing to Innovate in Financial Solutions

Pelorus Capital Group, LLC, apart from addressing these claims, continues to be a leader in offering innovative transactional solutions that cater to diverse needs within the real estate market. Their extensive experience, having engaged in over 4,700 transactions, has allowed them to develop flexible lending programs that stand out in today's market.

Extensive Industry Engagement

Since its inception, Pelorus has participated in real estate transactions exceeding $1 billion, gaining invaluable insights and expertise along the way. This deep-rooted experience enables Pelorus to evaluate opportunities swiftly, crafting suitable financial solutions that drive success.

Reinforcing Investor Relationships

Pelorus is dedicated to fostering strong relationships with its investors and noteholders. The company's transparent approach not only reassures stakeholders but also enhances Pelorus' reputation as a trustworthy entity in the financial landscape. They take pride in their corporate governance and ensure that all practices reflect their ethical standards.

Frequently Asked Questions

What claims did Arena Investors make against Pelorus Management Group?

Arena Investors made accusations about the integrity of Pelorus' interactions and recent actions concerning their financial notes.

How did Pelorus respond to these allegations?

Pelorus issued a statement clarifying the inaccuracies and expressing disappointment over Arena's approach.

What is Pelorus' commitment to its investors?

Pelorus prioritizes transparent communication and fulfilling its obligations to investors and noteholders.

How has Pelorus strengthened its collateral for the notes?

Pelorus replaced existing collateral with stronger assets to better secure the 7.00% senior secured notes.

What is Pelorus' track record in the real estate sector?

With over 4,700 transactions and involvement exceeding $1 billion, Pelorus has a proven record of success in real estate investments.

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