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Those are unrealized paper losses. The final accounting can end up being a loss of anything in the range of $0-500M depending on how it all shakes out (whether
by CydeWeys 6y ago
Those are unrealized paper losses. The final accounting can end up being a loss of anything in the range of $0-500M depending on how it all shakes out (whether Revlon goes bankrupt, whether Citibank sells the loans on at their reduced valuations now or holds on, and how the appeal goes).