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More than half of her debt comes due within the next five years. Right now, she pays off a small percentage of it each year in cash and the rest in sovereign bonds. Her current creditors accept a fairly low rate of return on the new bonds, but none of the debt is structured as PIK. It’s all just convention and gentleman’s agreement.”He finally noticed Nick’s blank stare. “Every year, Threnody pays off most of her debt with more debt. The current debt holders treat her new debt like Ferrari was a real country, but there’s no contract that says they have to or have to accept it all. They ... or anyone who buys the debt from them could demand payment in cash. She’d have to raise that cash on the open market. It’s extremely unlikely that she can afford to pay her debts if that happens.”“Shit.” Nick ran his hand through his hair. “Could somebody do the same thing to me?”“No. One of the few things the jackasses at Black and Stringer did right was to avoid debt even when it might have made. She chafed under his constant application of the bridle. It came from the first weekend she was on the job. A watchee had slipped the leash and left his wristwatch on the table; she'd picked it up."Well, when you've got..." Yeah, I know. 18 years and 5 months of experience. I know, I know."He pulled out his cell phone and called the always-manned main office in New Haven. It was picked up by a voice in Washington; apparently the Connecticut town on the coast was closed. It was going to be an iron clad bitch to track Worth in the middle of a hurricane. He reported the watchee's disappearance. A picture and descriptions of his cars would be on the nationwide wires within minutes.They went through the rest of the house. "Looks like he packed for a long trip. The safe's empty too," Murphy said. "Anything in the garage?" Cars are still here."It took almost two hours to track down the owner of Simsbury Limos; the limo service was shut down, too. Damn hurricane. It was a one-man car.
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