Kem One - Market Forces - Positioning

Unfortunately, due to a lack of available borrow, we have exited our short position in Kem One. When we took our short position, borrow was available, but we are closing now to reflect the reality of the market. We have updated our model and further expanded on our analysis of what the next steps will be for the Company and bondholders.

Kem One Credit Research, Analysis, Capital Structure
Tomás Mannion