In my view, considering that the company has several large on going cases ( VW, Manus Island, Bellamy etc.) and the impact of discount rate changes, banks may decide to extend the term of the loan, probably with a bit higher interest rate. That would be the best outcome for the company, share holders and even for the lenders. In my view, lenders has no interest in owning this company via D4E. lenders will also get nothing going for VA ( no hard assets to sell to get $730 million in the company). They also know that more than 2500 people work for this company. If they are not getting anything, what benefits lenders get destroying their livelihood? I really believe the term of the loan will be extended.
SGH Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
