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To: Art Bechhoefer who wrote (10029)4/2/2000 5:36:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 60323
 
Art, correct me if I am wrong (data overflow <G>), but I thought that Sony's debt was convertible to stock, in that event "trade debt" incurred before or after may be first in line. Of course the indenture would state if it is or nor subordinated (typically, convertible debt is subordinated to all other debts).

Zeev