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Posted On: 07/13/2020 2:39:08 PM
Post# of 82676
Fair enough.
However, my read of the deal was that, the trades occurred at market rates, but that the debt was only reduced by 55% of the value traded. I have seen other cases where note holders received a discount to the closing price, but that was not my understanding of this particular case.
However, my read of the deal was that, the trades occurred at market rates, but that the debt was only reduced by 55% of the value traded. I have seen other cases where note holders received a discount to the closing price, but that was not my understanding of this particular case.
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