sell assets v unlock equity(recapitalise)?, page-3

is BBI equity > debt?

if so why wouldnt a bank lend BBI money secured against a quality asset? are the lenders of dbct/ngpl asset level that concerned/insecure about the debt to equity ratio? sure theres room to safely lend more against those assets and still have full protection/recourse that once sold that asset will repay all the lenders.

and to sweeten the deal, make it short term debt, say 12month term, after which time BBI have hopefully either done a cap raising or can extend the loan. in the meantime we have another 12months of earnings to further reduce debt.

and im not trying to refinance all debt in this way, ofcourse sales are still required too. but if offers for dbct are low ball why not try access the equity we have in it instead.