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SWBTATTReg

(26,236 posts)

6. Seems clear that this debt refinance failed to save the corporation...

Reply to yurbud (Original post)

Sun May 13, 2018, 02:25 PM

May 2018

so upper management and debt capital/money mgmt. failed also. However, the benefits all went to the refinance persons who pretty tailored the entire refinance pkg. solely to their benefit, that would still led to this company unable to still make its debt payments...I think they deliberately did this so they could sell parts of the insolvent company. Why did upper mgmt. do this? Seems kind of dumb, and I can see lots of lawsuits waiting to happen being that I don't think upper mgmt. had shareholders in mind or the employees...

I am sorry to see this whole group of workers get impacted so negatively...I thought there were safeguards in place that protected pensions and so forth in the events that companies like this go under...

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Highlight:

Bernie with Toys R Us workers: company was making profit but private equity debt killed it [View all] yurbud May 2018 OP

Yes: Mittens and Bain and that shitshow CurtEastPoint May 2018 #1

Can not argue with the truth and facts. Wellstone ruled May 2018 #2

they are a malignant tumor of the cancer of financialization yurbud May 2018 #3

Agreed. Hopefully, Bernie will not be the lone voice cryin' out in the wilderness this time... InAbLuEsTaTe May 2018 #11

+1 mountain grammy May 2018 #18

i am coming to the conclusion that the highly leveraged buyout is an abuse of bankruptcy laws unblock May 2018 #7

A failed $200 million debt refi leads to $348 million in bankruptcy fees BeyondGeography May 2018 #4

i don't know the details, but if this is true, why did the reorg fail? unblock May 2018 #5

From the link above BeyondGeography May 2018 #8

there is economic theory and there's what the financial class actually does yurbud May 2018 #15

well that's my point, the creditors must have thought it wouldn't be profitable going forward unblock May 2018 #16

a lot of toy purchases are last minute for holidays, kids' friends' birthdays, etc. yurbud May 2018 #17

Seems clear that this debt refinance failed to save the corporation... SWBTATTReg May 2018 #6

what Wall Street investors see as an unacceptable level of profit is enough for the rest of us yurbud May 2018 #10

Private equity buyout around 2005 is not what started downfall, they were already failing. Hoyt May 2018 #9

it doesn't help that they let the stores start to look like shit just like Kmart and Sears JI7 May 2018 #14

Absolutely. sinkingfeeling May 2018 #12

Another chain falling victim to vulture capitalism. Initech May 2018 #13