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More marked-to-fantasy credits hit the windshield.
h/t @NickNemo17Thoma Bravo turned in the key on Medallia.
$6.4B of equity wiped.
It now carries $3B in debt against $200M of EBITDA.
Blackstone had $1.5b of the debt across their nearly identical retail facing credit funds marked it most recently at 60.3c.
It's now a zero. Credit
Daily Archives: April 6, 2015
El Erian explains why his personal money “is mostly concentrated in cash” today
Former PIMCO CEO, now Chief Economic Adviser to Allianz SE, Pimco’s parent company, PHD in economics and Finance insider, Mohamed El Erian has an estimated net worth of some $2.3 billion. He also served 2 years as president and CEO … Continue reading
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