Quote:
Originally Posted by Nathan
The S1 filing has around _30_ Risk Factory, including such Fun Things like "we Risk defaulting on certain covenants of the loan because we previously did" or talking about how they were in default for ages with their previous debt.. Ton of great stuff in there.
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crazy that they could even obtain over 1/2 billion in "new" debt- that is due to mature in next couple-3 years.
No doubt they will need to keep rolling it over...but what happens if rates jump?
what would a default leave for biggest creditors?