Ascena Retail Group Inc fka ASNAQ

[tdeck]

They did, they even did the severance payments quarter before last, they been planning/executing this rather well. It all started last year when they decided to make 18 months of interest payments in advance, they have worked through this thing very astutely IMHO, been in a lot of companies over the past few decades none have handled/executed as well as ASNA that is what gave them the ability to start buying large hunks of debt at a discount.

And the leases with the large landlords was a wash, they stayed open through the holiday season so that each ASNA/landlords both got something from the deal.

Peace out.