BNB babcock & brown limited

att: enumerate - comments appreciated

  1. 1,600 Posts.
    Hi Enumerate,

    can you please comment on this:

    >"Because of the subordination arrangements, neither an administrator/liquidator of BNB nor Noteholders or the
    Trustee would be entitled to seek the appointment of a liquidator to BBIPL so long as monies remained owing to
    BBIPL’s senior lenders."

    Cheers,

    StatsMan
 
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