Click here to close
New Message Alert
List Entire Thread
Msg ID: 2785861 GMR rating drops again, creditors concerned  +5/-1     
Author:Bloomberg
6/22/2023 8:43:19 PM

A June 8th article in Bloomberg law says GMRs creditors or concerned and their credit rating fell again to Caa, 4.5 billion $ note coming due and No Surprises Act has all the revenue tied up. Here come the base closings, announcement coming in less than 2 weeks. 

 

https://news.bloomberglaw.com/bankruptcy-law/kkr-backed-global-medical-responses-lenders-seek-legal-advice



Reply  Return-To-Index  
 
Msg ID: 2785868 GMR rating drops again, creditors concerned  +9/-1     
Author:Nope
6/22/2023 9:37:02 PM

Reply to: 2785861

Fake news, we are cash rich; our medcrews comb each patient for pocket change on ride to hospital and submit every penny to HQ. 



Reply  Return-To-Index  
 
Msg ID: 2785870 GMR rating drops again, creditors concerned  +0/-1     
Author:BigT
6/22/2023 9:44:20 PM

Reply to: 2785861

What you are saying is that the word "equity" in private equity should really say "debt".



Reply  Return-To-Index  
 
Msg ID: 2785873 GMR rating drops again, creditors concerned  +2/-3     
Author:Wow!
6/22/2023 11:28:16 PM

Reply to: 2785861

AMC ain't looking too bad anymore. They just got a $1.3 billion dollar note coming, not $4.3 billion! 



Reply  Return-To-Index  
 
Msg ID: 2786023 GMR rating drops again, creditors concerned  +0/-0     
Author:AMC Pilot
6/24/2023 2:01:24 AM

Reply to: 2785876

Sorry that the base Ho rejected your advances.



Reply  Return-To-Index  
 
Msg ID: 2785962 the sale of the company  +6/-0     
Author:private equine
6/23/2023 4:34:47 PM

Reply to: 2785888

Private equity companies general hold a position for approx. 5-7 years, both KKR and American securities( the parent companies for GMR and AMC respectively) have held them for approximately 6 years apiece. With the no surprises act, poor medicare reimbursement, VA trying to get in on the lower payment scheme, as well as the dwindling pilot pool, and upcoming debt payments for either company, a sale or restructuring for one or both companies would seem imminent. What that will look like for all of the current employees is up for speculation, there seems to be a lot of strange going ons in Denver



Reply  Return-To-Index  
 
Msg ID: 2786257 the sale of the company  +0/-0     
Author:EazyPeezy
6/26/2023 12:58:01 PM

Reply to: 2785962

Easy enough, those who can rely on their National Guard flying can count on that income and the rest, well many schools are looking for old overweight R-22 instructors. 



Reply  Return-To-Index