Distressed Debt Hedge Funds: How to Become a Vulture Capitalist
Mergers and Inquisitions
SEPTEMBER 13, 2023
As discussed in the distressed private equity article, there is no universal definition for a “distressed security” or a “distressed company.” The company has only $100 million of Cash and $150 million of Revolver availability, so it cannot repay the upcoming Secured Debt maturity. This one is more common for distressed PE firms.
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