Pinned
Bond #BBBY purchase guide and links to other chapter 11 outcomes (Hertz, American Airlines, GM)
Guide:
x.com/koebbel741/sta…
Hertz:
x.com/koebbel741/sta…
American Airlines:
x.com/koebbel741/sta…
x.com/koebbel741/sta…
GM:
x.com/nobles305/stat…
As screenshot
Bond update. Call me Koebbel Bond.
Thanks to @driver61d1 for the DD and the awesome conversations.
We came to the (obvious) conclusion that if shareholders receive cash+equity, by the Absolute Priority Rule, bondholders have to be made 100% whole first.
Best example is Hertz,
























