Friday, May 26, 2017 11:15:04 AM
My guess is presumed on the cap on rejection of leases mentioned by keekee earlier. They shd be able to get out at 15% or more of their lease obligations. If there are long term leases of 10 years then that number would improve. I saw one doc listing $145m in past due rent and lease obligations (hopefully not too much past due rent as that would not be subject to the cap). I also noticed that they were even able to sell their Towson lease for $1.1m so some of the leases may actually have value versus being a liability.
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