They are.
But an administrator would try to sell the mines for as much as possible, and repay Galaxy what they are entitled to. And then other creditors.
owning the loan doesn't mean galaxy gets all the assets in case of a default.
Ann: Acquisition of Senior Secured Debt Facility, page-161
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)