TIM timbercorp limited
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If you regard TIMPB as debt then come sep 09, these convert to...

  1. Beffa
    1,116 Posts.
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    19/09/08
    11:26
    Post #: 4287193
    If you regard TIMPB as debt then come sep 09, these convert to TIM which basically is swapping debt for equity. There is no need to refinance the $80M.

    But proviso is the IF. I think from an accountancy view TIMPB is already counted as equity.

    In either case no need for refinance.

    Neil
    TIM Price at posting: 64.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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