tyb
>answered muh next question
SAM484 USAF G5 east from Peterson AFB after a ground stop of just under 3 hours-origin of JBA earlier today.
Avoiding some weather just east and north of Kansas City
Argentina debt deal gets 'massive' backing, 99% of bonds to be restructured
Argentina’s debt restructuring deal received “massive” backing from creditors, Economy Minister Martin Guzman said on Monday, which would allow the country to revamp 99% of the total eligible bonds and gain breathing room during a swirling economic crisis. Bondholders tendered 93.55% of the bonds in the restructuring, Guzman said at a press conference, after months of tense negotiations, pushed deadlines, and modifications to its offer helped strike an agreement with most creditors.
“In these recent days we have worked on the conditions of an offer that gained massive acceptance by our creditors as a result of the dialogue process in the past months,” Guzman said, adding necessary levels of support were reached on most bonds. A strong deal is key for Argentina, Latin America’s No. 3 economy and a major grains producer, to drag itself out of default and revive an economy in its third year of recession and expected to contract around 12.5% this year.
“We told Argentines that we would seek a debt settlement that does not hit those who suffer the most. And we are succeeding,” President Alberto Fernandez tweeted earlier on Monday.
“We are doing what we said we were going to do. Now, united, we are going to rebuild Argentina.”
(sure you will!!!!-this is about making the debt holders whole and NOTHING moar)
The 1% of bonds that did not meet collective action clause (CAC) thresholds of support for a restructuring underscores some pockets of holdouts on individual bonds. The bonds being restructured have CACs that mean the government needs a certain level of support to restructure them. The older 2005 indenture bonds require a higher combined 85% of creditor support, with two-thirds on each individual series.
The strong support and few holdouts stands in contrast to Argentina’s 2005 debt restructuring, which saw creditors holding around a quarter of bonds reject a deal, leading to over a decade of legal battles.
https://www.reuters.com/article/us-argentina-debt/argentina-debt-deal-gets-massive-backing-99-of-bonds-to-be-restructured-idUSKBN25R1PM
GRZLY50 USMC C-560 on final at Las Vegas-North Las Vegas Airport and departed Grand Junction Regional Airport, Colorado after a ground stop of just over 1 hour-origin of MCAS Miramar
Tesla passes Visa to become seventh-largest U.S. company by market cap
Shares of Tesla Inc. TSLA, +12.56% rocketed 12.6% in Monday trading, helping the car maker become the seventh-largest U.S. company in terms of market capitalization. Tesla finished Monday's session with a valuation of $464.3 billion as it beat out Visa Inc. V, -1.72% for the first time to take over the No. 7 slot, according to Dow Jones Market Data. Visa ended the day with a valuation of $451.1 billion. Monday's rally continues a sharp ascent for Tesla's stock and marks the first day of trading for the shares on a split-adjusted basis. Tesla announced earlier in August that it would be conducting a five-for-one split of its shares, and the split officially occurred after the close of trading Friday. Tesla shares have rallied nearly 200% over the past three months and they're up about 500% on the year. The S&P 500 has risen 15% in a three-month span and 8% so far in 2020.
https://www.marketwatch.com/story/tesla-passes-visa-to-become-seventh-largest-us-company-by-market-cap-2020-08-31
GRZLY50 USMC C-560 did not stay long at Las Vegas North Airport-out and south already-back to MCAS Miramar