Matt Levine, Columnist

Distressed-Debt Deal Makes People Mad

Also more Elon Musk Week, Toucan, El Salvador and Money Stuff stats.

April 7, 2022 at 1:35 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Before it’s here, it’s on the Bloomberg Terminal

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Programming note: Money Stuff will be off tomorrow, back on Monday. Unless Elon Musk does something weird I guess.

Here’s a schematic description of how modern distressed-debt investing works3:

Before it’s here, it’s on the Bloomberg Terminal

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