Breitburn filed for Chapter 11
http://ir.breitburn.com/releasedetail.cfm?ReleaseID=970978
If only Antares had hedged its Breitburn holding as soon as the 180 day holding period was over, they'd still be in business today. US$26M that holding would have been worth & note holders would have still got there interest payments & rolled over the reset date.
LOTM
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