Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES

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COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2013
Commitments And Contingencies  
COMMITMENTS AND CONTINGENCIES
11.  COMMITMENTS AND CONTINGENCIES

Litigation — Newcastle is, from time to time, a defendant in legal actions from transactions conducted in the ordinary course of business. Management, after consultation with legal counsel, believes the ultimate liability arising from such actions, individually and in the aggregate, that existed at June 30, 2013, if any, will not materially affect Newcastle’s consolidated results of operations or financial position.

Capital Commitments — As of June 30, 2013, Newcastle had committed to purchase from third parties approximately $84.9 million face amount of debt issued by a portfolio company of a private equity fund managed by an affiliate of Newcastle’s manager, which is in the media industry, for approximately $32.9 million, but had not yet settled these purchases as of June 30, 2013 (see Note 5).

See Note 15 for additional senior living and other acquisition related commitments.