New Cotai Holdings – PIK Noteholders Fire New Salvo in Silver Point “War”, Object to DIP Financing as Mechanism for Shielding Silver Point from Litigation and Offer Alternative DIP Financing

June 4, 2019 – An ad hoc group (the “Ad Hoc Group”) of unaffiliated holders of the Debtors’ 10.625% Senior Pay-In-Kind Notes due 2019 (the “Notes”) objected [Docket No. 71] to the Debtors' motion requesting Court authority to access $6.25mn in debtor-in-possession (“DIP”) financing to be provided by SPCP Group, LLC, an affiliate of Silver…