Tren Griffin @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Apr. 11, 2020 1 min read

25iQuiz: Describe what is happening in this document in a simple paragraph understandable by your high school algebra teacher. Make the term "superpriority senior secured delayed-draw debtor in possession credit facility" understandable for that teacher. 

2/ As everyone knows, Debtors’ largest prepetition secured creditor, SoftBank has agreed to serve as the lead lender under the DIP Facility, while giving other holders of the Debtors’ 12.5% senior secured promissory notes (the “Notes”) the opportunity to participate in the DIP.

The origin of a DIP is: 

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