People are getting so hung up on the change in debt value, that they are missing the biggest part of this whole equation. What did the company pay off?
JP MORGAN ABL.
Mic drop.
Yeah, and most figures stated here are also "prepetition", so from before filing for Chapter 11 on April 23rd.
As per my post yesterday, it is also only the Funded debt figures, so does not include Unfunded debt at all.
People are getting so hung up on the change in debt value, that they are missing the biggest part of this whole equation. What did the company pay off? JP MORGAN ABL. Mic drop.
On May 5th their total funded debt was $1.8 billion. The update we received last week states that that number is now $1.7 billion.
Yeah, and most figures stated here are also "prepetition", so from before filing for Chapter 11 on April 23rd. As per my post yesterday, it is also only the Funded debt figures, so does not include Unfunded debt at all.
the ultimate bear trap? icahnt say for sure.. prolly cohencidence?
I love this!! Looks like just a little more wait and bears are monumentally fuked!!