RE: RE: RE: RE: Press Release YLO will not buy back debt, bondholders will not buy back debt (stupid move when you have already spent a ton of money of debt at par, way too mush risk). The goal is to write down some of the debt to get it down to a manageable level, e.g. company said mr bondholder, I want you to forgive me 40% of my debt to you and in exchange you get a couple of seats on the board and ownership.
Let;s be clear, the bondholders probably have no aspirations to run a media company, so as soon as they get control, I assume they are going to sell tro to sell it to private equity. If they want ot liquidate the company and sell the assets, wind down, they would have to pay all shareholders something, they will be liable as the new owners.
Not clear to me what this means for pref holders, or common, who are essentially both at the bottom of the food chain.