Re:Judge: Citibank isn't entitled to $500M it sent to variou...
by meetups323 on Thursday February 18, 2021 @10:57AM
(#26181339)
> If they made a loan, they did so to make money off of interest payments, and if the loan is prepaid, they make less.
The article mentions the creditor's impression of the company soured over time, and further their debt was trading for 42c on the dollar. So they got a nice little >2x return on expected value.
The article mentions the creditor's impression of the company soured over time, and further their debt was trading for 42c on the dollar. So they got a nice little >2x return on expected value.