Dargie are you hinting that if a deal is done with the banks that they buy the note of the holders and then effectivly have have the debt of them ?It would make sense why they have such a big windup date possibly for the company .Take value comming back into the company when things recover and all that .Is this an equity stake taken in the company but just differently rather than dilute share holder value but do it by reducing bbsn value alone?I mite not understand the deal that the banks would want do with noteholders?Heres seven hundred million debt reduced write it off the value of the company if you can screw them and get the intrest payable on the notes as you are now not subordinate? Drag more out of the satilites fees as you have to pay intrest on the notes?
BNB
babcock & brown limited
Dargie are you hinting that if a deal is done with the banks...
Add to My Watchlist
What is My Watchlist?