Replies to post #528 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[56Chevy]

Theoretically the DIP lenders will be long gone by the time Anadarko has those wells decommissioned.

The ATP case would go to Ch 7 once the sale is complete to the DIP lenders and newco takes over.

Once they're out of the picture it will just be the 2nd lien holders and unsecured creditors left to vie over any potential settlement with BP ...and that's when the Anadarko administrative claim would kick in.

make sense?