Guys & gals,
Remember the "under $200m" is almost certainly unsecured according to the 1/2 year disclosures.
Whoever the hold-out bank is, they will realise fully the implications of what they are dealing with here as will the other lenders. They cannot just take the keys to a shopping centre if they want assets instead. They'll join the rest of the creditors and risk getting nowt.
from wsj, page-17
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