Huh? Default? Go under? Has someone left the nut house door unlocked?
No one rational is talking or thinking default otherwise bankers would not fund CXR's acquisition. Fundamentals are intact and that's what banks look at. With the new structure they know that CXR will generate enough revenue to seriously cut the debt should they desire. When the share price recovers they have additional opportunity to raise more money.
If you believe CEO Mark's press release - that this step is a "tremendous milestone" and that there is "misinformation in the market" then buy or hold. If you think he is lying then sell. But please wake up, as I'm tired of repeating myself. The share price is disruptive noise and irrelevant to CXR's fundamentals.
CXR in my opinion has just bought a printing press.