BNB babcock & brown limited

att: enumerate - comments appreciated

  1. StatsMan
    1,600 Posts.
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    19/02/09
    12:47
    Post #: 4814908
    Hi Enumerate,

    can you please comment on this:

    >"Because of the subordination arrangements, neither an administrator/liquidator of BNB nor Noteholders or the
    Trustee would be entitled to seek the appointment of a liquidator to BBIPL so long as monies remained owing to
    BBIPL’s senior lenders."

    Cheers,

    StatsMan
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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