ML backed away from a threat to dump BSC Hedge Fund collateral

ML backed away from a threat to dump $850 mil collateral. Inside news indicated that BSC might take over $3.2 bil of loans that banks and securities firms made to one of the hedge funds to prevent creditors from seizing more assets. My thought: Few investors are interested and are willing to pay at highly discounted price. So ML backed away and decide to reach a deal with BSC Balckstone raised $41.3 bil through IPO.