Originally Posted by
grahampros
No indication this covers LCC's creditors. This is an agreement with the UCC debt holders of AA. US's debts are a fraction of AA's so that should not be a big deal and no doubt will be restructured with better rates and longer maturities. I expect that's all ready in progress. We will have to await the final details on the total remaining debt picture of the merged entity.
Any of you M&A guys know if this is detailed in an 8-K or an S-1? The merged entity capital stack would be interesting as it gives clues to what the merged entity capitalization might look like in a couple of years in different scenarios - good merger, no benefits, heading sideways....