The once-trendy, San Francisco-born coffeeshop chain Philz Coffee has struck a deal to be sold off to a private equity firm for $145 million, but any employees who bought stock are getting the shaft, as they won’t see a penny of that money.
That’s right, the bond holders get paid first because those are loans. The preferred shares get paid next because those are basically higher yielding bond equivalents.
That’s right, the bond holders get paid first because those are loans. The preferred shares get paid next because those are basically higher yielding bond equivalents.