alt Hacker NewsThey started at 9.6%. So it was a junk bond when it was issued. Now it's junkier.
Where is this bond in the bankruptcy hierarchy? Is it secured by anything? GPUs, maybe. Is it subordinated behind other debt? That's probably going to matter.
They started at 9.6%. So it was a junk bond when it was issued. Now it's junkier.
Where is this bond in the bankruptcy hierarchy? Is it secured by anything? GPUs, maybe. Is it subordinated behind other debt? That's probably going to matter.