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grantastic

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grantastic

Re: grantastic post# 127

Thursday, 08/23/2018 3:48:46 AM

Thursday, August 23, 2018 3:48:46 AM

Post# of 186
Lenders converted debt -> equity at approx. 3.5x market price.

That surely indicates how distressed banks believed this company was... because they would not accept a $400 million haircut unless they expected much worse to happen if DAC didn't get some debt relief.
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