Lenders force SGH to restructure, page-212

@bensterz
Since you have more experience than many of us here, you can enlighten us:

1. Since we all know that McgrathNicol has appointed FTI consulting which has something to do with the restructuring. Isn’t it clear that the lender has no plan to let SGH to go into administration, else what is the purpose of FTI consulting since McgrathNicol is sufficient to do the book check. (I see this as good news)
2. What do you think is FTI consulting role? Are they representing the lender or are they representing SGH in talk with the lender as some articles stated?
3. Debt restructuring – isn’t this occur only if SGH is unable to pay down their debt? Since SGH is expected to be cash flow positive since Dec and has more than $100M headroom which is expected to be increasing, does it mean that the debt restructuring talk is initiated by SGH rather than lender?