A whole lot of debt for nothing in return for equity...

A whole lot of debt for nothing in return for equity holders?

Equity holders have been shunted to the back of the queue?

So the equity holders may not enjoy being pushed to the end of the queue or will they be happy that there is some some queue at all?

The price of 90 day BBSW plus 6.5% is IMHO a quite horrific for equity holders and great for debt holders if NOV survives obviously.

BCI also got a motza, 3.5% transaction fees plus out pockets trustee and Austraclear fees and whatever else?

Perhaps they could rename Novatti, Novbci? Great deal for BCI.

Equity holders, especially on the retail side must be shocked and ropeable?