"Typically you don't have so much secured debt above the DIP."-- Jeff Wolinsky, analyst at Standard & Poor's, on the subordination of Calpine's $2 billion debtor-in-possession loan to some of the energy company's pre-petition secured debt.
"Typically you don't have so much secured debt above the DIP."-- Jeff Wolinsky, analyst at Standard & Poor's, on the subordination of Calpine's $2 billion debtor-in-possession loan to some of the energy company's pre-petition secured debt.