Hi wot
Yes it is bad luck for Mac Bank, but it's worse for all the poor STX shareholders whose share price has been halved.
And how about the $12.4M fee STX paid for tranche D that looks like it will not be drawn down.
Let's see how much Mac Bank charges STX for renegotiating the facilities. And presumably that will be a big swag of oppies with a low exercise price.
Maybe that CR idea isn't so bad after all.
Australian article re Hancock, page-185
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