RE:RE:RE:RE:RE:RE:RE:RE:Shorters die tomorrow...Please dont spread lies. The note issued then was a HY note. Under AMCO.
Senior secured coupons are at 6%. Senior First-lein will trade at par or much less. No one cares about the secondary market. HY investors sit for the coupon + face value UNLESS distressed. Leveraged markets (which basically means BBB rating or less) is a massive market - NETFLIX debt is leveraged loans.
Please educate yourself and do not post misleading comments.