RE: RE: YLO debt Kittyday - I am pretty sure that Yellow Media has a lot more than $275M on hand. According to the Sep 30 financials, cash on hand was $380.9M and I'd speculate it may have gone up a bit from there. The $275M you reference is what they agreed to pay out to the lenders and noteholders as part of the recap.
If the recap stands as per last press release, Yellow Media now have to pony up and pay the skipped bank installment of $25M and also any unpaid advisor fees/bonus. It will be interesting to see where the dust settles on fees paid for the recap.
I agree with your assessment on the new debt.