RE: RE: RE: RE: bradford is right This is a key question if you want to assess the viability of the "get a bank extension and buy up debt at a discount" strategy: how much debt would Yellow Media be able to buy at how big a discount?
Bradford, you mentioned some similar companies that have been buying up debt at a discount. Do you (or anyone else on the board) have more details on this? My sense is that YLO would need to pay at least 80% of par to buy up a significant portion of the 2013 debt but could get a bigger discount on the 2014s.
When I say "my sense" I should probably say "my wild guess in the complete absence of facts". Actual information would be greatly appreciated!