I can't imagine the first-lien noteholders will budge on this. Chris Snow More Quotes by Chris Snow More Quotes From Chris Snow The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out. Chris Snow company-news The debt on those is trading well below par. That suggests those holders think there is serious risk the plan won't go into the effect. Chris Snow company-news It is difficult to assess whether the notice of default represents a splintering of the rumored agreements over the past several weeks, or if the holders are just preserving their rights to litigate in sync with the efforts currently underway by the second lien debt. Chris Snow company-news
