Pari Passu

Pari Passu
Archive
Page 5

Dollar General: A Distressed Retail Giant

“We do very good in good times, and we do fabulous in bad times” - Todd Vasos, Dollar General CEO

Jan 26, 2024

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Carvana, the Rise, the Fall, and the Bounce-Back

The three companies that broke the F500 the fastest: Amazon, Google, and Carvana (?!)

Jan 19, 2024

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Boeing Deep Dive

Diving deep into what makes this company fly...as well as recent turbulence that may impact its long-term trajectory

Jan 12, 2024

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The Story of Judge Jones, the Judge who Made Restructuring Cool Again

The famous and inspirational restructuring judge who was recently at the center of a scandal that led to his resignation

Jan 05, 2024

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Lumen Technologies: Overview and Liability Management Update

The riveting liability management exchange of Lumen Technologies, including contention over past sales and exchanges, deceptive credit documents, and more

Dec 29, 2023

2023 Pari Passu Year-End Letter

A ~fun~ post talking about our story, our progress over this year, some behind-the-scenes behind the page, and what the newsletter has in store for the future.

Dec 22, 2023

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Coca-Cola Deep Dive

"Invest in businesses that an idiot can run because one day an idiot will run them"

Dec 15, 2023

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Bankruptcy Gifting

To solve the recovery disputes and the issues associated with valuations, creditors may utilize 'bankruptcy gifts.' These gifts can be broken into two categories: gift carve-outs in section 363 sales and gifting in chapter 11 plans.

RestructuringRestructuring

Dec 08, 2023

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WeWork Deep Dive

At its height in 2019, the company commanded a $47bn valuation and was dubbed the world’s most valuable unicorn (i.e., a private company worth more than $1bn). Four years later, WeWork filed for Ch. 11 bankruptcy with its founder-CEO ousted and a business model proven primarily to incinerate cash.

Dec 01, 2023

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