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Old 5th Oct 2017, 06:41
  #890 (permalink)  
01475
 
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Originally Posted by racedo
Not necessarily as I would expect that the slots were mortgaged to the hilt to generate cash and hence owners are banks or someone else.

Secured creditors have their money secured, anybody else its you have already lost it.
Private equity people usually secure on assets, it would be most unusual if they didn't.

Monarch was different in that it went under before it ran out of cash, so there may not be much more in the way of secured borrowing. I'd be surprised if Greybull aren't near the top of the list.
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