Home > Boards > US Listed > Banking and Finance > TMST, Inc., 8% Senior Notes (TMA.GB)

Thanks EI.

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mrholty   Tuesday, 06/13/17 07:20:21 PM
Re: Enterprising Investor post# 290
Post # of 340 
Thanks EI.

I guess I will be going through the filings over the next couple of weeks. Much of my investable cash has been tied up in other investments (Syncora) and Point Blank. I've been trimming in Syncora as I am overweight and looking for something interesting.

Who is MattlinPatterson? I guess I will have to read up. Do they hold the Sr. Subordinated Notes or are those trading anywhere.

Like you said the next 200M goes to Sr. Note holders. Then it should go to Sr. Sub noteholders. The first 2 were settled at 25%. The RBC after interest was more than 100% if I read that correct. Even a return of 25% makes the senior noteholders whole and I assume based on how these are trading there is minimal interest in the Sr. Sub notes if they are available at all.

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