I just wanted to throw a point out there and get some views from everyone.
It seems quite a few people are panicking thinking that the refinance will involve a dilutive debt/equity swap because of the statement that any refinance will require a shareholder vote.
I think the main reason it requires a shareholder vote is due to the fact it will be a related party transaction, and may not necessarily involve dilution.
I appreciate that BBP in is a perilous situation but they are not as bad as BBI that has the added complication of conversion of a massive amount of Pref Shares so I would think BBP would be trying all other options before going down the dilution road.
What are people's thoughts on this?
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