Tuesday, August 09, 2022

Goldman & Chase's Big Score

Not politics, but close.....

Goldman and JPMorgan Chase flogged and sold $600MM in notes from Avaya.  Proceeds were supposed to pay off $350MM in notes due mid-next year.

Unfortunately, Avaya is burning cash waaaaayyyy too fast to last until mid-2023 AND there's the matter of a whistleblower triggering an audit of its financial reporting.......

The CEO 'was removed.'

But Goldie and JPMChase got their fees!

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