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. May. 02, 2020 1 min read

In a recent interview Charlie Munger said: "the phone isn't ringing off the hook" reflecting calls from people offering assets that reflect a margin of safety. Why is that?

For a clue see:  https://www.reuters.com/article/us-boeing-debt-investors-analysis/how-boeing-went-from-appealing-for-government-aid-to-snubbing-it-idUSKBN22E025?il=0  "tranches spanning several maturities at between 450 and 593 BP"

"Boeing made concessions to cajole credit rating agencies and bond investors. It agreed to increase interest payments by 25 basis points each time the two biggest credit rating agencies lowered its rating by one level into junk. It capped these concessions at 100 basis points..."

25iQuiz: If Boeing had raised funds with PIPEs instead what would the terms have been?

If Boeing had raised money from Berkshire would that have been a PIPE?  https://www.pionline.com/alternatives/private-equity-firms-fight-lifeline-deals 


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