SuperMedia / Dex One Creditor Document $SPMD $DEXO
Here is the big bad document link.
Also, I did some analysis for what the unlevered perpetuity would suggest the enterprise value to be worth around 2016. Perpetuity values in my model in 2016 were worth somewhere between $2.4B and $3.8B, and you figure the company is carrying $1.6B of debt at that point in time. See that below:
Anyway, I think that there is a far more interesting valuation when you approach this from a leveraged basis.
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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