Wednesday, August 13, 2014

"Bond Meltdown of $3 Billion Seen in NII Descent" $NIHD


"'The company is not likely to pay the Aug. 15 coupon and will continue its negotiations with bondholders the following month,' Stan Manoukian, the Agoura Hills, California-based founder of Independent Credit Research LLC, said in a telephone interview. 'They will likely file when they strike a deal with current creditors.'"
Gotta love the 30 day grace period.

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