BBP babcock & brown power
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bbp to wrap up talks next week

  1. Teotihuacan
    425 Posts.
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    26/09/09
    09:02
    Post #: 5697865
    Although I got out of BBP once and for all a matter of months ago I thought I would post the following that appeared in today's AFR for those still either following the stock or still invested in it.

    "BBP expects to successfully wrap up talks with its lenders to refinance $2.94BN in debt by next week. If unsuccessful the parties, which include Babcock & Brown, can accelerate the loans within 60 days. The debt was originally set to mature in March 2010."

    BBP Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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