Originally Posted by
G-Dog
Yep, not cheap. I would appear that the highest bidder, not being RAH, would have to shell out $150 mil to RAH on top of what they bid.
IF someone out bids RAH then they will not have to fork over $150M + the purchase price. Remember that's a $150M "damage claim." Can RAH prove damages if another company outbids them? Not sure but I'd say no seeing that RAH will still retain all of their DIP rights. It reads to me that if F9 files Chapter 7 then RAH will have a $150M claim, not if someone else purchases them.
So if someone else wins the bid then the RAH : F9 contract continues until F9 settles the terms of the $70M DIP.