I think you're right...I don't know how much they have in unencumbered assets right now, but that will make a huge difference. Same holds true for NWA, and DH
. NWA also has NRT
slots, but not sure if their NRT
slots are already collateralized (held by a creditor) or not.
had $3B as of 12/2002, and they had NRT
slots, among other assets, they could leverage to secure their DIP package. Oil was a hell of a lot cheaper in 12/02 as well. Sure, UA
is damn close to 3 years, but it all comes down to how well you restructure the business and that nothing is left uncovered. Never leave a penny on the table when you exit Ch. 11. Don't leave a day too soon, and don't leave a day too late.
Not a position I'd ever want to be in.
And the winner for best actress is....REESE WITHERSPOON for 'Walk the Line'!!!!!!!!