DEBT FVThe Debt for equity swap would be at .16 average price per bond * 4.5B bonds at cost gives us roughly 500mil of bonds at FV EV of 8ooM.... That is kind of crazy when you subtract cash of 200M from that EV gives 600M .... a debt for equity swap is possible... but bondholders would not get 4.5B worth... it would be at FV