zed260Premium
join:2007-09-30
Cleveland, TN
kudos:1
1 edit | reply to openbox9
Re: Besides lecturing, will judge reject Allen's plan? well the banks have secured liens on charters holdings so they would be paid first if its liqudated
if anythings left after paying banks it goes to bond holders then unsecured creditors etc |
|
openbox9
join:2004-01-26
Alexandria, VA
kudos:2 | Fair enough. Assuming the banks do hold $8B of the $22B in debt, then I'd guess there's not much negotiation to be done. And banks are banks. They have no desire to be a cable company and most definitely would sell the assets off assuming they take ownership. Any idea what Charter is worth? |
|
zed260Premium
join:2007-09-30
Cleveland, TN
kudos:1 Reviews:
 ·Charter
| »en.wikipedia.org/wiki/Charter_Communications
acording to wikipedia 14.6 billion in assets in 2007
however since then i believe they've sold many systems so its probably less now
however in the event of liquidation given the way the econmy is and stuff they would probably sell for less so pretty much the bond holders would lose more in liquidation |
|
openbox9
join:2004-01-26
Alexandria, VA
kudos:2 | I understand that, that's why I was wondering if you are aware of any realistic valuings. I don't own any Charter debt, just curious. |
|
|
|
zed260Premium
join:2007-09-30
Cleveland, TN
kudos:1 | well i guess maybe 20 percent recovery for most of the bond holders but some bond holders have priatory over others
anyway charter would probably go for 11 billion i guess sounds about what they would sell for |
|
