| Title: | ResCap Exchange Offer: Living To Fight Another Day (at Bondholder Expense) |
| Price: | $150.00 |
| Publication Date: | May 02, 2008 |
| Source: | CreditSights Inc |
| Report Type: | Article |
| Abstract: | A coercive tender gives bondholders the right to extend or face the more immediate consequences. Extension is the better part of valor for bondholders and lets ResCap keep the hope alive. |
| Brief Excerpt: | ResCap Exchange Offer: Living To Fight Another Day (at Bondholder Expense) ResCap announced plans for private exchange offers and limited cash tender offers encompassing about $## billion of outstanding debt If successful (majority... |
| Word Count: | 3198 |
| Report Type: | Article |
| Topic: | High Yield |
| Format: |
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?