Read the full article now How their twice rejected upgraded bond offer turned out to be this necessary. Why bondholders would actually like their present deal as insurance against what they see as an inevitable second bankruptcy. What happens if Cumulus refinanced their debt now.
Cumulus Testing a “Prepack” Bankruptcy
Cumulus Testing a “Prepack” Bankruptcy
Cumulus Testing a “Prepack” Bankruptcy
Read the full article now How their twice rejected upgraded bond offer turned out to be this necessary. Why bondholders would actually like their present deal as insurance against what they see as an inevitable second bankruptcy. What happens if Cumulus refinanced their debt now.