So Gibson is about to bite it

[Nightbat]

Anyone surprised?

[Vass]

They’ll go chapter 11, which typically ends up debtor in possession.

High yield either defaults or gets refi’d... it rarely matures. At CCC- I’m curious to see who will throw them a line. There’s been pickup in loan demand lately, someone will & syndicate it out.

Fear not Gibson fans. They’ll march on.

[shreddermon]

Hedge fund takeover, debt restructuring, then a manufacturing and operations streamlining. This may be the end for Henry, seems like he's made numerous bad decisions for the company through the years. It'll be very painful, especially for employees, but they may eventually come out better and stronger in the end.

[Carbuff]

Its what they get for copying the Roswell Rhoads. LOL.

[wilkinsi]

Gibson in the shit? Don't care