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      "text": "In January 2018, PJ Solomon (\"PJS\") conducted a process to evaluate strategic alternatives for Stratosphere, including a potential sale. 19 parties contacted, 5 NDAs, 4 data room access. Firm A offered no price. Others declined.",
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      "text": "With no buyers, PJS advised on a $50 million FILO Loan from Gordon Brothers in March 2018. PJS ran a Tailored Capital Process to raise $100 million; received one 'off-market' $60-70 million proposal from Firm A.",
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