It is highly unlikely that the Noteholders will now agree to a discounted conversion agreement
It would be much more likely that they will just wait and see what happens with the action and look to get full repayment of face value of their notes from any compensation. This would mean the full $132.86m would come straight off the top of any payment recd.
If you wish to try and guess any sort of payout, first guess would be what a likely settlement amount will be (working on receiving $8b appears to be fairy land stuff) then deduct legal percentage and face value of notes, then work out what Company might do next with any surplus available for return of capital.
Good luck...........
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