Mr Cooper Group Inc (COOP)

[hotmeat]

Not sure why they used the term "Preferred Claim" for Tranche 6 since I don't believe Commons could be referred to as such.

If "Equity Claims" was used instead then one could confidently assume such claims included Preferred and Commons.

If this wasn't just generic terminology, then Commons possibly may not receive a distribution from the remaining bankruptcy assets...???

Cue the outrage......


NOTE: I don't believe equal treatment applies to Tranches, but rather Classes of debt, ie Preferred are Class 19 while Commons are Class 22.

EDIT: Tbh the only pieces of info I want is whether there are assets or not and how much it's worth. Once those questions are answered and it's positive, the timing is not an issue for me personally.