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Ed Zitron
edzitron.com
did:plc:qc6xzgctorfsm35w6i3vdebx
$5bn+ in equity wiped out, one of the largest losses in private credit and private equity history. Blackstone yet to mark the loan down further than 63 cents on the dollar for its $1.5bn in debt that will no longer get paid. Medallia was killed by onerous loans made based on stupid projections.
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2026-04-23T02:20:10.855Z