RE: That leaves the bond holders' appealmrbb1 wrote: i think the bondholders try to win not on merit of the case but rather by delaying the deal hoping the lenders back out or the deal can't close before the agreed deadline.
Thanks for replying. If any delays manage to cripple the deal, I still do not see how bond holders will benefit. A collapse in the deal is not sending these bonds back to investment grade. Perhaps it would even further fan more decline in bond prices.