The Wall Street Journal on the deal AMC Networks , the US movie chain, reached with creditors. Why am I circulating this you may ask. It is an interesting example of a debtor and creditors iterating to an outcomes that seeks to maintain financial viability and value in a challenged situation. The debtor gets a cash injection and debt reduction. In exchange, the creditors go up in seniority and, therefore, residual claim. https://lnkd.in/gQ_CvcZ …see more