Is Sprint Slowly Going Broke?

The video discusses Sprint's financial challenges, focusing on its $30 billion debt and the $10 billion due in the next three years. Sprint is using creative financing methods, such as mortgaging assets, to raise cash. The company is shut out of the bond market, with half of its $33 billion in bonds trading at distressed levels. Sprint has turned to its parent company, SoftBank, for support, but SoftBank has not committed capital, instead facilitating deals through its relationships in Japan. The video also highlights the risks for bondholders, as new financing deals are secured by assets, leaving bondholders with less recourse.

In what ways are the new financing deals structured to benefit Sprint?

What are the potential consequences for bondholders if Sprint defaults on its debt?