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Sammons Distances Itself From Guggenheim in Call With Lenders

Bloomberg Markets Monday 24 August 2026, 23:18 UTC By Alexandre Rajbhandari and Paula Seligson 1 min read
Key Points

Sammons Distances Itself From Guggenheim in Call With Lenders Sammons Financial Group reiterated to lenders that it has some distance from Mark Walter’s Guggenheim Partners, after a report last week focusing on the longstanding ties between the firms hit the value of the life insurer’s bonds. Executives at Sammons, which has $157 billion in assets, said on a Monday call with lenders that it doesn’t have any voting rights in Guggenheim, which isn’t considered an affiliated party after...

Sammons Distances Itself From Guggenheim in Call With Lenders Sammons Financial Group reiterated to lenders that it has some distance from Mark Walter’s Guggenheim Partners, after a report last week focusing on the longstanding ties between the firms hit the value of the life insurer’s bonds. Executives at Sammons, which has $157 billion in assets, said on a Monday call with lenders that it doesn’t have any voting rights in Guggenheim, which isn’t considered an affiliated party after Sammons’ equity stake in Walter’s group was converted to preferred stock in 2024, according to people familiar with the matter.
Sammons Distances Itself (PERSON) Guggenheim (LOCATION) Call With Lenders Sammons Distances (ORG) Call With Lenders Sammons Financial Group (ORG) Mark Walter (PERSON) Guggenheim Partners (ORG) Sammons (ORG) Walter (PERSON)
Originally published by Bloomberg Markets Read original →

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