tag:blogger.com,1999:blog-1527840491496268397.post7993803360832473714..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Genco Extends Restructuring TalksUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1527840491496268397.post-54688896967597323232014-04-03T15:26:14.907-07:002014-04-03T15:26:14.907-07:00I wonder if the warrants will be listed..I wonder if the warrants will be listed..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-55437550483958763372014-04-03T14:39:57.080-07:002014-04-03T14:39:57.080-07:00New 8K filed..
the cancellation of all equity i...New 8K filed..<br /><br /> the cancellation of all equity interests in the Company, with such equity interests receiving seven year warrants for 6.0% of the New Genco Equity struck at a $1,295 million equity valuation (the “New Genco Warrants”).<br /><br />http://www.sec.gov/Archives/edgar/data/1326200/000114036114015666/form8k.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-27607708390926663522014-04-03T12:18:31.167-07:002014-04-03T12:18:31.167-07:00Only ~84 bid for the notes.
You'd think if s...Only ~84 bid for the notes. <br /><br />You'd think if someone was so enthusiastic they'd be buying paper and the price on this small issue would shoot up to or close to par.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-50977383453890413082014-04-03T11:11:29.855-07:002014-04-03T11:11:29.855-07:00It's really up to the banks at this point...It's really up to the banks at this point...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-59258464318764689002014-04-03T11:10:34.897-07:002014-04-03T11:10:34.897-07:00Vic is not a distressed equity investor and is lik...Vic is not a distressed equity investor and is likely after part or all of the bank notes and/or preferred equity. The only reason why he'd buy equity is to align with management. They are likely trying to consolidate and extend debt. They might also try to get a short-term credit facility set up in order to carry out a swap or issue new equity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-77788526993722586922014-04-03T10:09:03.835-07:002014-04-03T10:09:03.835-07:00Does anyone know if Khosla owns Genco debt? Could...Does anyone know if Khosla owns Genco debt? Could explain why he took equity position.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-23187983100077731752014-04-02T16:50:39.880-07:002014-04-02T16:50:39.880-07:00The Koshla/SVP investment is interesting.
At thi...The Koshla/SVP investment is interesting. <br /><br />At this point, are there any options aside from a BK filing or a debt for equity swap?<br /><br />With the debt/equity swap it's a very tight timeline with a deadline by the 21st. <br /><br />With the two different dates given, the swap seems like the preferred route. <br /><br /> Anonymousnoreply@blogger.com