Ralph R. Mabey, trustee in the Chapter 11 bankruptcy proceedings of Cajun Electric Power Co-op., has entered into an amended asset-purchase agreement with Louisiana Generating LLC for the purchase...
Why Aren't Distressed Assets Selling
places extreme pressure on owners and lenders, but even insufficient equity returns cause equity value deterioration, contributing to financial distress over the longer term. This, in turn, lowers asset values, setting the stage for their acquisition or refinance at lower effective capital cost recovery levels.
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