With WW, are the RCF providers getting absolutely smoked? The RCF was just drawn down a few months ago, and now they are getting back around 30c on the dollar, with a big chunk of that equity in a structural declining biz with a subscale pill mill attached?
Like a Texas brisket, but the debtors weren’t in default in January, so the RCF lenders couldn’t say no. If they didn’t fund, they’d get sued and lose, along with all the damages RX profs could dream up.
With WW, are the RCF providers getting absolutely smoked? The RCF was just drawn down a few months ago, and now they are getting back around 30c on the dollar, with a big chunk of that equity in a structural declining biz with a subscale pill mill attached?
Like a Texas brisket, but the debtors weren’t in default in January, so the RCF lenders couldn’t say no. If they didn’t fund, they’d get sued and lose, along with all the damages RX profs could dream up.