opening sp, page-6

If I am reading this correctly, basically they were paying single digit interest rates before this deal and shareholders had 100% of equity, but after this deal they pay double digit interest rates and have to hand over up to 40% of the equity in a few years time.

Sounds like they've gone backwards - things must be grim if this is quote 'their best offer', ie. better than what Sycamore was offering.

IMO shares will probably open higher due to the removal of uncertainty and the fact that they're finally over the year long takeover saga. But longer term it seems like they're still the highly indebted, troubled business it's been, except now upside is somewhat capped due to the options and note conversions. Seems like there's more compelling buys elsewhere still.