I will only be here for a few more days, but because of some people who still haven't managed to get new jobs, I wish there was a way for the company to avoid bankruptcy. On the other hand, I really don't see how that would be possible anymore?
5 replies (most recent on top)
Answer to what they put up buy buy baby so the only thing keeping bbb a float just put an end to it
Sears also got a last minute loan before they went out of business. A loan like this will help them stay open long enough to pay off some existing debt but nothing more. If the next earnings report and the holidays are as dismal as everyone anticipates bankruptcy may not even be an option and they will simply have to just close up shop. @1pal+1inwl68D sums it up perfectly.
….Morgan Stanley helped solidify the loan (from WHOM idk)
….Kirkland & Ellis are helping with “restructure”.
….Hilco Merchants does closings/liquidations.
…and Ryan Cohen bailed so our top financer is Blackrock 😰😳😬
Do the math.
Kurt, was that you who made the analogy to the Titanic? Or, maybe you gave them the loan? Haha
Question who gave them the loan? What did they put up as collateral? This is all trying a move to save the sinking ship. Chapter 11 protects them from creditors. So I ask again who gave the loan and what do they expect to get in return. Like buying a seat on the Titanic when the 3rd smokestack is under water.