Specialist debt publication Debtwire yesterday reported Alinta management may try to keep the operating companies out of receivership given such a move would trigger clauses in contracts that "would give many of Alinta's customers the option to renegotiate commercial terms with the company". This could cost Alinta about $340m-$350m, according to a report from investigating accountant 333 Advisory. Rather, they may try to put an intermediate holding, Alinta Finance Australia, which guarantees the energy generating group's $2.55bn senior, secured loan, into receivership only.
AEJ Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
