TMST, Inc., 8% Senior Notes (TMA.GB)

[Enterprising Investor]

Senior Notes have a "guarantee claim".

In regards to AFDFT:

For purposes of calculating the recovery for General Unsecured Creditors, the Subordinated Notes Guarantee Claims are included as part of the Total Unsecured Claims. By reason of the subordination of Class 7 Claims to Class 6 Claims, the distribution otherwise payable to holders of Subordinated Notes Guarantee Claims would be paid to the holders of the Senior Note Guarantee Claims

Anyone involved in WAMUQ as a WAHUQ (PIERS) holder should understand the plight of the holders of $1.335 billion in Senior Subordinated Notes.

I always viewed DIMEQ as a long-shot. I had a tiny holding, but poured my money in the WAMUQ case into WAHUQ instead.