Replies to post #514255 on Mr Cooper Group Inc fka COOP

[hotmeat]

What??? Are you saying this "Embedded Derivative" no longer exists as the document is asserting???


QUOTE: "In the future, as a result of the Series B Amendment, there will be no change to the fair value of this derivative instrument as, due to modification, it was determined to no longer exist and was reclassified to equity"

[Emptyhead]

Interesting spin ;)

[jerrylev]

Embedded derivative is a method used by KKR to manage risks while loaning us money. It is not for us and we should not pay much attention to it, nor it will imply anything for us.

https://www.wallstreetmojo.com/embedded-derivatives-examples-accounting-ifrs/