NEW YORK--(BUSINESS WIRE)--Newcastle Investment Corp. (“Newcastle” or the “Company,” NYSE:NCT) announced today that it closed the repurchase of $157 million face amount of third party golf debt at a price of 90% of par or $141 million on August 31, 2015. The golf debt consists of a $51 million first lien and a $106 million second lien loan and is secured by the Company’s golf portfolio. The $141 million purchase price was funded with $71 million of cash on hand and $70 million of short term fin
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