The banks can't afford to do D4E in Slater favour. it will be an uproar with their shareholders.
however, these new lenders can afford to be more generous with D4E. They've bought the debt at 1/4 of the original price.
at 350 mil for 80% of the company. Both lenders and shareholders will come out on top.
let us wait and see.
Ann: Update on Capital Structure, page-96
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