It is a big holder of "hung" leveraged loans and bonds, mostly related to buy-outs agreed on in the credit bubble.

它是杠杆交易贷款和债券产品的最大持有者，且大多数是在信贷泡沫时期达成的协议。

youdao

youdao

youdao

You have an incentive to say, because you're the equity holder, you have an incentive to say, hey why don't I just take some big gamble here and not tell anybody.

因为你是这家公司的股东,可能就有动力促使你这样想,我干嘛不来赌上一把呢,我不会告诉别人的

耶鲁公开课 - 金融市场课程节选

In the deal, Freeport-McMoRan (NYSE: FCX) will also acquire Plains Exploration, which is a big holder of MMR shares that it received when selling Moffett its portfolio of shallow Gulf acreage a few years back.

FORBES: Freeport-McMoRan Rescues McMoRan Exploration In $20 Billion Gulf Of Mexico Deal

At dawn today I went outside and put my big flag in its holder, feeling a sudden wave of emotion.

FORBES: Raising The Flag For An Old Vet Today

It allows the holder to block big acquisitions, mergers or break-ups, but not much else.

ECONOMIST: Russian oil