HIG

Negative for BMO: the artifact says investors demanded a steep discount on a BMO-led $775 million Pellera buyout loan that banks have been stuck holding for over a year, signaling weaker-than-expected exit pricing and potential underwriting overhang. Retrieved company materials support that Pellera is owned by H.I.G. Capital, so the payload's HIG equity hint appears ambiguous and was not scored as Hartford Insurance Group.