PNC 7.61% 49.5¢ pioneer credit limited

Ann: Pioneer enters Standstill Agreement with Senior Financiers, page-16

  1. 7,267 Posts.
    lightbulb Created with Sketch. 2064
    I agree, but it's a distressed situation now. If buyers know it's curtains for the business if a buyer isn't found, that doesn't imply a great outcome for equity holders. And we know how much the banks need, and buyers know how much the banks need.
 
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