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"...which would effectively let the electric-auto maker pay off that obligation in stock instead of cash." How does paying off the obligation with stock work?,
by djanogo 8y ago
"...which would effectively let the electric-auto maker pay off that obligation in stock instead of cash."
How does paying off the obligation with stock work?, whose shares would Tesla assign the bond holder?, if it assigns shares after market closes and when market opens if it's below $360, won't the bond holders sue?
- brohee 8y agoThe shares are created. As the debt are not repaid it's as if the bond holder bought shares in a round of recapitalization instead.