Replies to post #365 on TMST, Inc., 8% Senior Notes (TMA.GB)

[Enterprising Investor]

Common never had a chance.

The Senior Notes will not be made whole. Holders like me might get at least 33 cents on the dollar with the upside being how much GS actually paid.

Sr Subordinated Notes were $1.3 billion. Then there was about $214 million in Jr Subordinated Notes.

Preferred stockholders were next in line.

I expected a settlement, but nothing this low.