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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (56191)11/3/2015 1:18:11 PM
From: E_K_S1 Recommendation

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Jurgis Bekepuris

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Magnum Hunter Bondholders Hire Advisers on Eve of $29M Interest Payment

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Top three bond holders own 25% of the unsecured issue. It's important to have your interest in line w/ the very large bond owners when investing in distressed debt. These three owners of the 'unsecured' debt could be candidates for a new 'secured' debt issue. Interesting that there is no news that they have even been contacted by the firm hired by MHR management to re-structure the company's debt.

I am always skeptical of these private equity firms that go in to help management when they (and/or management) have no vested interest in the debt and/or preferred shares). Maybe thie firm hired by these three bond owners will see that a good deal is had by all unsecured bond owners and/or preferred shareholders.

EKS
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