Eircom noteholders facing wipe-out after revised bid rejected

Eircom's examiner understood to be recommending lenders' proposals for company are accepted

Comment by: Anonymous. Posted 11 years ago [2012-05-12 00:38:07]

Are the floating rate notes senior/unsecured? I'm trying to understand how the notes recover nothing. Did the company have no assets at all that weren't pledged exclusively to the lenders?