new Ann re Convertable Bonds, page-4

I think the greying of PB has already been done over the asset sale and this is just a by-product of it

The way I read it ....... an asset sale must be (or at least seen as) a done deal
IMO, It would be about the only way note holders would approve the amendment and PB would not be publicly risking a no vote from them without getting the nod first, so (again IMO) the holders have been filled in and are convinced the (an) asset sale is a done deal to the point of viewing it as security for them over the amendment proposals.   
Altho possible, I doubt very much PB rang the guys and said ............................
... “hey, just gunnah make a few changes but trust me ..... alls good”


*Brain fart complete* ......  Cheers ..... J



“  (  Company Commentary
Peter Bond, Executive Chairman of Linc Energy, stated, “The Company is focused on deleveraging its balance sheet and we are delighted to reduce the size of the convertible notes by US$50 million and delay the noteholders put option to 10 April 2016. Importantly, the Company has negotiated a call option until the revised put date to give it the ability to repay the convertible notes at its discretion. This is beneficial given the previously announced discussions that the Company is having with a variety of parties with respect to the divestment of some of its non-core assets”.

“Linc Energy now has the flexibility and optionality to move forward with its strategy in a financially prudent manner. We look forward to updating the market on our operational activity including the current Arckaringa drilling program and our non-core asset sale discussions in due course.” Mr Bond said.  )  "