Distress ExchangeNo. AA100000
$4830
Sears Holdings Corporation
5.52% Debenture Due 2008
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. BD101234
$5065
Toys 'R' Us
9.93% Debenture Due 2015
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. CG102468
$3104
Lehman Brothers Holdings
6.62% Debenture Due 2011
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. DJ103702
$8494
Washington Mutual
8.23% Debenture Due 2007
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. EM104936
$7557
General Motors Corporation
5.56% Debenture Due 2024
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. FP106170
$7462
Chrysler LLC
6.66% Debenture Due 2020
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. GS107404
$5625
CIT Group
6.83% Debenture Due 2025
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. HV108638
$8078
Thornburg Mortgage
7.56% Debenture Due 2016
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. IY109872
$1318
Tribune Company
7.95% Debenture Due 2018
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. JB111106
$6987
Lyondell Chemical
6.12% Debenture Due 2010
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. KE112340
$1072
General Growth Properties
9.69% Debenture Due 2025
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. LH113574
$6836
Calpine Corporation
5.94% Debenture Due 2024
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. MK114808
$7343
Delta Air Lines
9.52% Debenture Due 2012
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. NN116042
$9146
Delphi Corporation
5.04% Debenture Due 2007
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. OQ117276
$9967
Adelphia Communications
5.57% Debenture Due 2013
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. PT118510
$8514
WorldCom
7.48% Debenture Due 2011
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. QW119744
$9113
Enron Corporation
5.24% Debenture Due 2019
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. RZ120978
$2561
Conseco
5.44% Debenture Due 2007
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. SC122212
$8061
Pacific Gas & Electric
8.30% Debenture Due 2021
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. TF123446
$3065
Texaco
7.06% Debenture Due 2016
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. UI124680
$1759
Financial Corporation of America
8.67% Debenture Due 2016
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. VL125914
$5419
First Executive Corporation
6.42% Debenture Due 2010
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. WO127148
$4146
Gibraltar Financial Corporation
6.25% Debenture Due 2026
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. XR128382
$1843
MCorp
9.59% Debenture Due 2016
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. YU129616
$5293
Southeast Banking Corporation
6.59% Debenture Due 2023
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. ZX130850
$9811
Penn Central Transportation
5.85% Debenture Due 2008
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. AA132084
$6222
W.T. Grant Company
6.43% Debenture Due 2020
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. BD133318
$3440
Interstate Stores
6.18% Debenture Due 2010
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. CG134552
$2474
Penn Square Bank
8.86% Debenture Due 2009
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. DJ135786
$4045
Continental Illinois
7.37% Debenture Due 2009
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. EM137020
$9619
Drexel Burnham Lambert
9.66% Debenture Due 2013
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. FP138254
$5016
Executive Life Insurance
5.72% Debenture Due 2017
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. GS139488
$4213
Olympia & York
9.45% Debenture Due 2013
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. HV140722
$4521
Orange County (California)
8.14% Debenture Due 2026
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. IY141956
$7139
Barings Bank
6.77% Debenture Due 2013
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. JB143190
$8899
Long-Term Capital Management
6.77% Debenture Due 2013
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. KE144424
$3814
Asia Pulp & Paper
5.70% Debenture Due 2008
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. LH145658
$8622
Pacific Lumber Company
8.53% Debenture Due 2020
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. MK146892
$3531
Refco
7.57% Debenture Due 2011
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. NN148126
$4428
Dana Corporation
5.71% Debenture Due 2021
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. OQ149360
$9475
Dura Automotive Systems
7.75% Debenture Due 2025
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. PT150594
$4867
Collins & Aikman
9.83% Debenture Due 2008
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. QW151828
$3471
Tower Automotive
8.45% Debenture Due 2021
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. RZ153062
$7186
Federal-Mogul Corporation
7.51% Debenture Due 2013
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. SC154296
$5911
Owens Corning
6.72% Debenture Due 2021
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. TF155530
$2331
Armstrong World Industries
7.58% Debenture Due 2007
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. UI156764
$5721
Kaiser Aluminum
6.47% Debenture Due 2012
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. VL157998
$8678
Bethlehem Steel
8.11% Debenture Due 2020
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. WO159232
$7814
LTV Steel
9.49% Debenture Due 2008
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
No. XR160466
$4181
National Steel Corporation
6.13% Debenture Due 2009
This certifies that the registered holder is entitled to the principal sum of the above-stated amount, subject to the terms and conditions herein.
SEAL
Private Market for Distressed Loans
An invitation‑only venue where qualified principals and institutional brokers discover, evaluate, and transact special situations across real estate, corporate, and structured credit.
Access by referral only. No retail participation. Not an offer to sell or solicit any security.
Real Estate Debt
Corporate NPLs
Special Sits
Structured Credit
Built for Principals. Curated for Signal.
Distress Exchange is a curated environment for private capital focused on value‑impaired, non‑performing, and special‑situation credit. We emphasize confidentiality, speed, and clean execution.
- • Invitation‑Only: access limited to qualified institutions and UHNW family offices.
- • Deal‑Ready: standardized teasers, NDAs, and data‑room handoffs.
- • Trusted Network: members sponsor new entrants by referral.
Focus Universe
CRE / Resi
Bridge, construction, condo, single‑family pools
Corporate
NPLs, term loans, revolvers, DIP / exit
Project
Energy, infra, transport, logistics
Structured
RMBS/CMBS, ABS, mezz, prefs
How It Works
Step 1
1) Invitation & Onboarding
Members join by referral. We verify institutional status and establish mutual NDAs.
Step 2
2) Curated Deal Flow
Sellers publish standardized teasers; qualified buyers request dataroom access.
Step 3
3) Execution
We facilitate diligence, indicative bids, and closing workflows with minimal friction.
Eligibility
- • Qualified purchasers / accredited investors only
- • Institutional counterparties, brokers of record, and UHNW family offices
- • Jurisdictional access controls may apply
Confidentiality & Security
We prioritize confidentiality. No public listings or retail access. All materials are shared on a need‑to‑know basis under NDA.
Nothing on this site constitutes an offer to sell or a solicitation of an offer to buy any security. Any transaction is subject to definitive documentation.
Request an Invitation
Provide your work email and firm details. A member sponsor is required.
By submitting, you confirm you are an institutional / accredited investor and agree to our NDA prerequisites.