> how do you interpret this part? what is an example of somebody who would be an unsecured debtholder? as in somebody with a stake in SVB the buisness? Bondhol

> how do you interpret this part? what is an example of somebody who would be an unsecured debtholder? as in somebody with a stake in SVB the buisness? Bondholders, not just shareholders. The implication is that every security here is wiped out: https://ir.svb.com/shareholder-and-bondholder-information/offerings/default.aspx https://ir.svb.com/shareholder-and-bondholder-information/of...