Once upon a time there was an elegant unicorn
the startup was severely undercapitalized
its outstanding debt obligations were so tall
it wishes to alter the terms of the debt agreement
to avoid losing competitive advantage
- and stagnate growth.
Debt restructuring can be a life changing experience
for those who do their diligence it's an overwhelmingly positive
however those who have not put in the time to research the
plastic debt surgeons, try to cut corners, or who try to go with the cheapest money lender (who happens to be less skilled)
often have a very negative surgical experience
this is why it is so important to do your due diligence on
potential debt surgeons and gain as much inflammable knowledge
as possible before choosing between certified predators
Goldman Sachs, Wells Fargo or HSBC.
The unicorn was advised to issue callable bonds to
readily restructure debt in the future, the existing debt's
called and then replaced with new debt at a lower interest rate
it also restructured its debt by altering the terms & provisions
of the existing debt issue, repayment period, collatoral
redemption date, It was life saving plastic surgery
but the shareholders didn't see it that way
said it's window dressing just for the show
- insisted on a share-buyback.
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Wall Street Poetry
PoetryOff-mainstream bancAssurance poetry on 9/11, infinite greed and fear, bear and bull markets, megalomanic bankers, bipolar day-traders, over-cautious reinsurers, diamonds are a girl's best friend, blondes & brunettes and the Nash equilibrium, volatil...
