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bluGillyesterday at 4:35 PM3 repliesview on HN

If the llc declares bankruptcy does meta have to pay the bank for it - or can they buy the assets at fire sale prices?


Replies

friendzisyesterday at 5:04 PM

I have skimmed through the article and if I get the details through all the humor, satire and sarcasm even remotely correct, the major assets are actually the duality of payment obligations and residual value guarantees, both from meta. One could include cost overrun protection at the construction time too.

The "fire sale prices" would be so delicious as to guarantee that the entity(-ies) involved stay solvent as long as meta stays solvent.

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typsyesterday at 4:51 PM

Meta doesn't actually owe the bank anything in this setup. That would be Blackrock and the other private creditors.

loegyesterday at 5:40 PM

Mechanistically, how would the LLC achieve bankruptcy?

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