4 ms·
> In 2010, Cerberus had the holding company borrow $225 million from an undisclosed group of lenders, most likely hedge funds. [...] ah, thank you for pointing
by sigstoat 7y ago
> In 2010, Cerberus had the holding company borrow $225 million from an undisclosed group of lenders, most likely hedge funds. [...]
ah, thank you for pointing that out.
but then:
> In April 2012, Cerberus did something fateful, which probably seemed smart at the time. It had Remington borrow hundreds of millions of dollars and use it to buy the holding company’s debt
hm so the first set of lenders were paid off. did the second set get similar terms?