Originally Posted by
Chimpy
You forgot the last line of that article "Until they are acquired".
Essentially the government is going to subsidize NK until someone buys them.
Yes, you’re right and the other debtors will most likely only agree if there seems to be a high probability of a sale before liquidation, so they can get their money back.
“Under a bailout plan being discussed for Spirit, the government would lend Spirit $500 million and become the top debtor in the bankruptcy pecking order”