SGH 0.00% 54.5¢ slater & gordon limited

Ann: Update on Capital Structure, page-69

  1. 4,427 Posts.
    lightbulb Created with Sketch. 77
    How about they swapped 350 m debt for 80% of company

    This is what anchorage has done with Alinta energy a couple of year back. They swapped debt for 80% of company


    350 mil / 1.4 bil share = 25 cents per share

    lender can then offload these shares, and still hold 350 mil debt

    win, win situation for both share holders and lender.

    some meat left on the bone for long suffering shareholders.
 
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