unfunded revolver
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Mar 11, 2024 by Michael Leffell · across every show →
Everything said about unfunded revolver, oldest first
Mar 11, 2024 positive
Leffell: Davidson Kempner acquired unfunded revolvers while being paid 50 cents
“To try to explain to somebody that you were buying an unfunded revolver at 50 cents on the dollar, and the seller was going to give you 50 cents, so forever unfunded, you just pocketed 50 cents, was pretty entertaining, and we ended up doing it.”