https://external-preview.redd.it/U7-d_BIS19Idu40T-9QwFYXWI4HPsKbfHGqFf5EMsyI.jpg?auto=webp&s=a68feea120a7552cb76426002b76698a6ef558d0
https://www.youtube.com/watch?v=Ona9WzDeTzY&ab_channel=GuggenheimPartners
His plan: buy cheap bonds of this overlevered but good companies, and as bonds will mature and they won’t be able to refinance, covenants will hit which will allow him to negotiate, swoop up the equity and take them private for pennies.
View Reddit by No_Ad_5213 – View Source
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