Guggenheim Investments told creditors that its affiliates may purchase portions of a $1.18 billion loan issued by GIH Borrower LLC following a steep drop in the debt’s market value, according to a disclosure reviewed by Bloomberg.
The loan, maturing in 2031, fell to as low as $0.73 per dollar during the week of the report and was quoted at around $0.77 on the disclosure date, according to data compiled by Bloomberg. Guggenheim described the loan as an "attractive investment opportunity" amid the decline.
The asset manager’s consideration of an acquisition comes amid ongoing regulatory scrutiny into loans extended by insurance companies linked to Mark Walter, Guggenheim Partners’ owner. Investigations are examining whether loans from Walter’s insurance entities were directed to other parts of his financial empire, according to Bloomberg’s report.
Guggenheim did not respond to a request for comment. Companies often repurchase debt through open market buybacks, direct negotiations, or tender offers, particularly when securities are undervalued or when the underlying business faces operational or financial challenges.
The disclosure was made to creditors on Tuesday, August 25, 2026, as reported by Bloomberg.
