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Cory’s Chart Corner
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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: January 31, 2019
Pause before the storm?
The fact that the US Fed has determined that real rates above 0.5% are a threat to both economic growth and 2% inflation, suggests the economy is not ‘in a good place’ but extremely fragile. Here is a direct video … Continue reading
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