Ways to screw the bonds in a restructuring
What are a few examples of things you could look for in bond (or loan) docs if you're advising the debtor in a restructuring?
One example might be what's the % consent required for a covenant waiver / strip? You could then buy that amount of bonds, strip the RP test and pay all your cash out of the restricted group.. correct?
Any other examples / things to look for?
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