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Are they abusing the word optionality, or is there any way to read that that makes sense? Like what options does keeping the position open up?
by im3w1l 5y ago
Are they abusing the word optionality, or is there any way to read that that makes sense? Like what options does keeping the position open up?
- kiklion 5y agoIf they are holders of debt, don’t get possibly get some vote on debt restructuring?
- ackbar03 5y agoPayoff of the debt becomes like an option because it is floored at 0, but there is a chance they get something out of it. And it's not abuse of terminology, it's the technical way to describe that characteristic of distressed debt