It’s not a lie to say “we can’t do it today” if you can’t do it today but can do it tomorrow.
Per the filing: “In short, “a bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses.” Id. ¶ 16. The actual amount of cash or cash equivalents required “to collateralize the bond and have sufficient capital to run the business and satisfy its other obligations” “approach[es] $1 billion.” Id. ¶ 17. As a result, “obtaining a bond for $464 million is a practical impossibility.” Id. ¶ 18. “
I see no hedging or fudging in the verbiage. Nothing about being unable to get it today or tomorrow or whenever.