Concordia Healthcare Corp. T.CXR.R

concordia post restructuring..............

[rad10]

Back of the napkin...

1.4 billion unsecured...  poof - gone
Equity... - poof - gone

Ebidta 380 million in exchange  for 2.1 billion of secured debt.............................(banks, line of credit and secured notes become equity holders) - a very reasonable price for the earnings............

This is what a debt restructuring looks like for those that dont have a clue.

[Shortingtozero2]

Finally rad explains what restructuring is instead of happy's definition (not sure what point he was trying to make other than he can cut and paste).   But you may need to explain to some here that unsecured means the unsecured bonds and equity means shares.   After all, suitman thought the company paying the coupon meant some kind of marketing drug coupon,   LOL   All