ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[Enterprising Investor]

DIP Lenders provided cash to pay other claims.

Expect the cash to pay mostly post-petition claims, pre-petition priority and administrative claims.

I would not expect any meaningful recovery for 2nd Lien Bondholders or anyone else.

Stock issuance would require some form of capital raise.

Expect a POL. Why? There has to a mechanism to fund Gomez liabilities.