May. 15 at 12:08 PM
$OPI $CVNA $RMR $MC
Moelis is the advisory firm that restructured and rescued Carvana, and they’re also advising OPI on its refinancing. OPI’s refinancing looks similar cvna
But Carvana protected itself with a poison pill before any debt exchange, blocking hostile takeovers. Once safe, Carvana focused on recovering its share price post-restructuring.
OPI, however, went the opposite way. After completing its debt-for-equity swap, it’s not defending against a takeover—it’s issuing ATM offering, driving the stock to unprecedented lows.
OPI was designed and structured by RMR, but RMR holds no ownership. They profit through management fees from long-term contracts, regardless of who owns OPI
wouldn’t rmr prefer to have a new controlling owner step in, inject fresh capital, and expand OPI’s leverage, which in turn increases fee stream? Could the ongoing ATM offerings be a means to discreetly transfer cheap shares to this future owner?
