They have such a complex capital structure, and the subordination of some of the issues is unclear. You're going to have a lot of contentious fighting going on with bondholders on what kind of recovery they're going to get.

Caesar Silvestro

Capital Complex Issues Structure Subordination Unclear

Related Quotes

I don't think acquiring fuel for its plants should be a problem.

— Caesar Silvestro

AcquiringFuelIts

The tightening of the time frame ... (is) clearly important but ... I don't think that time frame of 20 days is really going to be that meaningful.

— Caesar Silvestro

ClearlyDaysFrame

We have some very complex issues to grapple with.

— Dan Bartlett

ComplexGrappleIssues

Money confounds subordination

— Samuel Johnson

ConfoundsMoneySubordination

It is now clear that it is unclear.

— Thomas Marten