We'll probably be the last to know in any case on what has been proposed. No doubt a few different options have been put forward, but we'll only find out about the one that may get agreed upon, and only when a possible outcome is known. All in the air at the moment and behind closed doors.
The next step I imagine would be a shareholder vote, provided agreement reached by lenders.
No doubt GR has a strict timeline. If CBA are not coming to the party, I am sure GR is working on a plan B. Perhaps either CBA will just give a straight out extension, or sell their loan at a small discount to the other lenders? Given Administration fees involved, would be a lot cleaner this direction...
There were a few MCS notices a while back stating there would be lower distributions in order to pay the principal on several centres. Unsure to the exact exent though
cnp survival, page-15
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