tag:blogger.com,1999:blog-6321089372587128676.post3908736667611119948..comments2009-11-06T07:11:54.461-05:00Hunternoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6321089372587128676.post-25731029784425740392009-11-06T00:07:12.820-05:002009-11-06T00:07:12.820-05:0013. In exchange for the Contribution, Idearc: (1) issued to Verizon additional shares<br />of Idearc common stock to be distributed to Verizon’s stockholders pro rata in the spin-off; (2)<br />issued to Verizon senior unsecured notes and a portion of the loan proceeds under the Tranche B<br />Facility; and (3) transferred to Verizon approximately $2,400,000,000 in cash generated from the proceeds of the loans under the Tranche A Facility, and from the proceeds of the remaining<br />portion of the loans under the Tranche B Facility. ------------- JUST WHY DID THE COMPANY RAISE SO MUCH DEBT THEN ?Anon_Mindhttp://www.blogger.com/profile/00728529685118778033noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-62602796687789641072009-11-05T01:20:18.707-05:002009-11-05T01:20:18.707-05:00The company looks to have approximately $600M of cash collateral at the date of filing. $250M of that will be used to pay bank lenders to use the remaining cash collateral through the bankruptcy process - otherwise known as adequate protection. ------ Does that mean that the Co paid the lenders 250m to let it use the remaining 350m as adequate protection , through the bankruptcy processAnon_Mindhttp://www.blogger.com/profile/00728529685118778033noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-18446809381851888642009-09-12T14:33:45.103-04:002009-09-12T14:33:45.103-04:00Great site. <br /><br />Wondering if anyone has a view on Yell (YELL LN Equity) from debt or equity point of view? Also a yellow pages stock currently renegotiating with lenders.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-57718975134444743042009-07-16T17:52:02.532-04:002009-07-16T17:52:02.532-04:00IDEARC is an advertising company. Across the board TV Radio Billboards etc. Advertising sales are down considerably. Also, IDEARCs billing to advertisers are ona 12 month period, I would investigate the companies current outstanding billings if possible. Many of their clients that are on the books for future billings are out of business. If businesses for on average per market totaling $5,000 in monthly revenue on the books but not in business any longer, thats more than $250,000 a month or 3 mill a year. Thats not including cancellations and cutbacks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-70911648932379791022009-06-18T15:55:10.253-04:002009-06-18T15:55:10.253-04:00Does former equity ALWAYS lose everything in a case like this where there are pending class actions, and since they were earning a profit prior to BK? Thanks for the insight.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-27184294391912582352009-04-24T10:39:00.000-04:002009-04-24T10:39:00.000-04:00Nice blog, I'm also interested in value investing. See my investment blog at valuehuntr.comValueHuntrhttp://valuehuntr.comnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-3977930529951411202009-04-23T13:18:00.000-04:002009-04-23T13:18:00.000-04:00Just a thought,<br />If you are an Idearc customer and owe them money for yellow pages ads. Can you purchase some of Idearc's bad debt and swap it for money you owe them?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-7462710826324118582009-04-17T19:34:00.000-04:002009-04-17T19:34:00.000-04:00nice write up.<br /><br />it would be interesting if you talk to us about the dynamic of negotiation between various debt holders and its affect on the decision to invest or not.<br /><br />keep posting very educational!!!Samihttp://www.blogger.com/profile/17866240785310374236noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-14855181282577173622009-04-12T23:25:00.000-04:002009-04-12T23:25:00.000-04:00Yeah, I remember seeing those Idearc bonds pass by a few weeks before bankruptcy at 8-10 cents on the dollar. I did the research, but feared all that bank debt--not enough margin of safety. At 2 cents, more interesting, but the whole investment is still contingent on the judgment outside your control. Still a pass for me.Chadhttp://www.blogger.com/profile/02221344285528614209noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-34584721249810784302009-04-11T16:59:00.000-04:002009-04-11T16:59:00.000-04:00Are you aware of any free sources to obtain quotes on bank debt? I know the quotes are available on Bloomberg.<BR/><BR/>Thanks.Lawrence D. Loebhttp://www.blogger.com/profile/05600981191177652648noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-65190521879471733742009-04-11T05:51:00.000-04:002009-04-11T05:51:00.000-04:00This comment has been removed by a blog administrator.dorothy786http://www.blogger.com/profile/06867581473872459083noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-5775446113806489452009-04-10T23:02:00.000-04:002009-04-10T23:02:00.000-04:00I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.<BR/><BR/><BR/>Joannah<BR/><BR/><A HREF="http://linuxmemory.net" REL="nofollow">http://linuxmemory.net</A>Gaellhttp://www.blogger.com/profile/05934912402668720671noreply@blogger.com