Chapter 4 - Garrett Learns Who Harbor Crest Represents
Outside counsel explained the bridge facility.
Harbor Crest was administrative agent.
Behind it sat a syndicate of investors.
Bradford Capital was the largest economic participant.
Rosalie did not personally “own” West Enterprises’ debt.
But entities she controlled held enough exposure to matter.
Garrett stared at her.
“For seven years?”
“Not the same loan. Different facilities.”
She explained.
During West’s first crisis, her family office guaranteed supplier
credit.
During the second, it purchased a distressed note.
During the pandemic downturn, it participated in rescue financing.
Each transaction had been documented through professionals.
Garrett saw lender names.
He never asked who stood behind them.
“Why hide it?”
“I didn’t want our marriage used as a credit memo.”
That was only part of the truth.
Rosalie had also protected Garrett’s pride.
She now recognized that as a mistake.
By hiding how much help she arranged, she allowed him to build a false
story about himself.
But her secrecy did not entitle her to control the company unfairly now.
She told the board:
“Bradford Capital will not accelerate debt because of my divorce.”
Garrett looked surprised.
“Then what was the phone call?”
“A notice that your proposed ownership restructuring requires review
under the loan documents.”
She would not weaponize creditor rights for personal revenge.
The independent credit committee would decide lender matters.
Rosalie had recused herself.
That frustrated Garrett.
He wanted to accuse her of extortion.
Instead, she had separated the marriage from the financing.
Then Thomas Reed entered.
The board chair took his actual seat.
He looked at Bianca.
“Ms. Drake, this meeting is for directors, designated officers, and
invited advisers.”
Bianca looked at Garrett.
Garrett finally said:
“Wait outside.”
Rosalie checked her watch.
May you like
“Three minutes and forty-two seconds.”
Nobody laughed.
Related Stories
