http://triblive.com/mobile/7053681-96/edmc-company-debt
6 replies (most recent on top)
Wow, the homophobes come out of the woodwork when they can HIDE IN THE CLOSET behind a computer screen. You have some sexual hangup dude. You must be in management.
Anyone who uses "faggot" over and over again is probably one him self. Douche bag :)
Shut up faggot
@Anonymous46451, the story doesn't mean very much. The debt-holding parties are small players and will have to wait in line. EDMC already has numerous (and much bigger) lawsuits and this is just another small one. As the article states, the $11 billion federal lawsuit is the biggest one. The elephant in the room, of course, is Goldman Sachs. It's interesting to see that Goldman didn't get sued for its role in the sinking of the EDMC ship. They were, by some accounts, the architects of this crash, but they don't appear to have any legal exposure.
Your a faggot for asking camde shit all the time. If you cant figure it out yourself then go back to your coloring book
Is it possible that, absent the KKR deal, EDMC might be pushed into bankruptcy? Are the current assets worth 1.5 bn? In Bankruptcy is it conceivable that the whole house of cards might come crashing down? If all the company has is its un-leveraged cash flow (mostly from title IV) do any of the bond-holders and stock-holders recover any significant portion of their investment? What is the Art Institutes brand worth, what with it's reputation somewhat tarnished as it has been over the last several years by the insistence of profit over quality? It's almost Shakespearean in its tragedy; "a tale told by an idiot, full of sound and fury, signifying,...nothing."
It looks like shareholders want their money back before its all gone. A lawsuit will potentially hold up the EDMC deal. It just depends on how much EDMC could give a Fk and either pay them out (which I doubt) or move on like nothing is wrong and pay more later. In typical EDMC Management style, they will take the more costly expensive way out just to spite people who trusted them.
You shut up you f***ing geek
Shut up
IT says what it means in the article
" Robert Strauss, a professor of economics and public policy at Carnegie Mellon University, said suits by minority shareholders and bondholders are common in restructuring deals.
Sometimes they are successful in holding up deals, but “it all depends on the terms of the bond indenture,” he said.
“It could be tactical,” he said. “They could be saying ‘buy us out in a different way.' ”