With BNB requiring the BBP loan to be repaid sooner than later otherwise their credit rating will be effected MEANS that the only real solution would be to purchase BBP outright. I would expect a price in the range of .40 to .50 cents as this will be around the value of the loan roughly plus will increase the value that they would have now written their BBP shares down to. This means then that the revalued assets etc are placed on their books giving then upside when market turns around, sourced constant cashflow which they require urgently + would be able to refinance BBP debt with lower rates I expect so even greater return. I would say that this would have to take place very quickly as the only other method is for BBP to sell more stations which takes time plus others in the que before paying back the BNB loan
BBP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
