GREY:STPJF - Post by User
Comment by
edmbondson Sep 01, 2014 9:09pm
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Post# 22895764
RE:Future Prediction for STP
RE:Future Prediction for STPReally? The "banks"? Have you looked at the capital structure?
Credit Suisse has top priority (one bank). This is the spring financing at 10%, which is hardly traditional bank financing. No other debt is owned by banks. The 2nd lien notes are publically traded bonds, as are the convertible debentures.
All the bank bashing here is getting old.