The article is spot on. I agree that Centro right now based on the information provided is in a better position than it was. It appears $4bill has been tied up on good terms, its the other $1bill that is the killer blow for current shareholders. I am sure CNP are looking at other options where they could make alternative arrangements with someone else to pay out the banks for that $1bill. Or maybe the $4bill security is contingent on that $1bill deal, in which case, its all smokes and mirrors to try and make the deal look better.
Well we have up to another month of uncertainty.
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