RE:2023 Bond up to $70 yld 14% This mornIf you think this company can survive all it's dealing with Private Equity, often referred to as Pirate Equity, sell your shares and buy the bonds.
The bonds are secured but with a Caa rating, they are near junk status.
Caa rating is ""speculative and risky" and given the debt here and the complete lack of market confidence with all we know as facts today, don't be surprised to see the bonds hit junk status.