It feels magical, but that part is actually fine. The senior claims on that comb... | Hacker News

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		NotYourLawyer on Nov 9, 2022 \| parent \| context \| favorite \| on: We will not pursue the potential acquisition of FT... It feels magical, but that part is actually fine. The senior claims on that combined debt really can be pretty high quality. The junior claims are dogshit though.

htrp on Nov 9, 2022 [–]

But you can tranche the dogshit and come out with some high quality senior claims :-D

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