RE:RE:RE:RE:RE:However - the suspense is not totally overMudCreeker wrote: remedy wrote: Should of added, they paid BNP dollar for dollar, no discount for bad debt.
...$$.
Can you tell us where you got that piece of information? All I see in their release is that they didn't pay a premium.
"The consideration did not exceed the
outstanding principal and interest balance."
When I read this part "The consideration did not exceed the outstanding principal and interest balance." It says to me that Silver Lake paid somewhere between a penny and 100% of principal + interest outstanding.
Let's face facts, not just the BNPP's First Lien debt, but also Appian's Convertible debt were both in default. I have never seen any distressed debt trade close to full value.
Silver Lake did not pay full value, they purchased Harte's debt at a discount - guaranteed.