If history is anything to go by should there be no refinance agreement by 30 April the banks will provision the debt (if they already haven't) and GTFO by selling it to the highest bidding hedge fund or investor in a secondary market.
The amount of listed company debt being traded at a significant discount to face value in the last 6 months is amazing.
SGH would be better off waiting and then buy their own debt in 12 months time at a significant discount in a secondary market.
SGH Price at posting:
33.0¢ Sentiment: Sell Disclosure: Not Held
