thirio,
I did not think OZL needed to cover the $560M shortfall. I thought it only needed to cover the shortfall for the bank that wanted out. the other banks were happy to roll over the loan. This is why I am saying Martabe is the only one that needs to go.
I agree with you, that if they need to pay out $560M, then more than one asset will need to be sold.
HT1
credit where credit is due ozl - 10/10, page-77
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