iHeart is Not Happy With This Guy


That’s according to a report in The New York Post which says hedge fund manager Paul Singer bought an insurance policy on iHeartMedia’s debt — while trying to get iHeart to file for bankruptcy.

iHeart filed papers in a Texas courthouse against Singer’s Elliott Management, claiming the distressed debt investor bought credit default swaps as it was planning, with other debt holders, to file a March 7 notice of default. iHeart says Singer would have made a lot of money if iHeart defaulted because holders of CDSs get paid in full if a company files for bankruptcy. iHeart has asked the court to look into Elliott’s conduct.

Picture courtesy New York Post


  1. Is it possible that Mr. Singer’s facial expression is one which delivers the message: “I am so going to eat your lunch.”…?


Please enter your comment!
Please enter your name here