Cumulus Media’s Restructuring Proposal Unfairly Favors Banks – An Analysis By Distressed Debt 1 LP Hedge Fund

We at Distressed Debt 1 LP, and Durig Fixed Income 2, would like to present an explanation of the underlying issue with Cumulus Media (CMLS) current restructuring proposal, as we see it. First let’s get an understanding of its valuation. Last quarter’s EBITDA for Cumulus Media was reported at $61.8 million.  Radio media companies historically trade above ten times EBITDA, especially for those growing profits.  Since the new management has been involved, the company’s bottom line is growing.  So, we will use a simple 10x’s multiple.  As the run rate of last quarter’s EBITDA was $61.8 million, multiplying times 4 quarters, times ten,  gives an enterprise valuation estimate of around $2,472 million. There are two debt issues outstanding, the first being $1,728 million in notes, and the other being $610 Read More …

Distressed Debt 1 Hedge Fund Celebrating Two Years of Success

We are proud to celebrate two years of the Distressed Debt 1 Hedge Fund!  The performance generated in the first two years was so strong that we were recognized for our success by various industry ranking agencies and third party analytic firms. During our first 2 years ending September 31 2017: Cumulative return was 199.16% Our compound rate annually was 53.83 % Our Beta was  – 0.83 Our Alpha was  4.76 %

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Durig Capital provides customized portfolio’s targeting the following: We are offering the following portfolio’s along with our ongoing Fixed Income service. Bond Yields Link to: Bond-Yields.com Your able to self select bonds global off our newsletter and research. Bond Yields is a cash flow generator for our clients, it has outstanding record of providing institutional high yielding bonds for our individual investor, with an great record in returning principle, providing high income, short maturities, with a very low fee, all designed to allow our clients a much higher level of current income. Their is NO minimum investment The average fee is .60 percent yearly. Distressed Debt 1 (DD1) Link to: Distressed Debt

ROLTA wrongly prioritizes Stockholders ahead of Bondholders

We are pleased to see that Rolta (NSE:ROLTA) has reported steady and improving profits, as well as free cash flow, when comparing its year over year numbers.  We welcome this continued vigilance, but the company’s absurd proposal to their bondholders in regard to a debt restructuring is a wanton disregard for their (bondholders) senior claim on company assets, and should be NOT be taken.