Got it round the wrong way there dargie, recourse is in reference to the borrower, not to the asset.
That means, for the corporate debt, it's recourse or in other words, BBI is responsible for all money owed to the banks.
In comparison, for the asset level debt, the lenders are unable to seek "recourse" from BBI, only collateral in the form of the asset.
- Forums
- ASX - By Stock
- BBI
- beppa in 2012
beppa in 2012, page-83
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BBI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online