All the link below will open in a new window.

Seems BNB is getting some world wide attention at the syndicate supporting them over the long term. A lot more articles about then what is below.

Also...was watching Fox Business last night. They had an analyst on there who was asked about Babcock and he was an honest straight the line guy.

He said

"it looked bad for BNB but for the banking syndicate to support the troubled company with more cash and a 12 month or longer extension in these times shows some support."

"I like this situation to one years ago with Burns Philip who had a miraculous recovery after the shares nose dived like BNB's did. This is not an alco, ABC learning centres or other type of situation....BNB actually has has world class assets still. Their North American assets are great......"

blah blah blah.

Basically was saying that BNB could easily turn things around with the banks support of an orderly sell down of assets and streamlining of the company.

He said it will be volatile but would be worth putting 5-10% of your portfolio on it to see if it does a Burn Philip style of turn around.

Babcock & Brown secure $150m loan package

Equity swaps in vogue

Babcock gets $150m lifeline

Babcock & Brown offers equity to banks

”Helping the local market avoid heavy losses was the strength of the financial sector, which rose 1.7 per cent on the news Babcock & Brown, which was nearing collapse, had been given a $150 million lifeline in the form of a loan from its bankers.
The company's share price skyrocketed, closing 56 per cent higher at 39c.
“

Babcock Banks will take control of B&B

Big Four et al figure a functioning Babcock is still in their best interests

”Babcock reaches agreement with banks on funding
Dow Jones Newswires
04 Dec 2008
Babcock & Brown said Thursday it reached an agreement with its lenders that give the firm access to funding on a "pay if you can" basis, and provides leeway to proceed with its restructuring plan for at least another month.
“

”Babcock Brown shares jumped 14 cents, or 56 per cent, to 39 cents after announcing it had secured new funding from its bankers and rearranged aspects of its debt repayment obligations.”

Babcock Staves Off Collapse With A$150 Million Loan

Babcock given repayments breathing space

”B&B lifts banks
The financials sector led the market in early trade, rising 3% at one stage, before trimming gains to about 1.7% in recent trade.
Babcock & Brown shares were much of the catalyst for the gains after the investment bank was granted more time and an extra $150 million in funds to help it restructure and survive.
They more than doubled after the stock resumed trading, surging as much as 128%, or 32 cents, to 57 cents after the beleaguered investment group reached a deal with its syndicate of creditors. Its shares closed 14 cents, or 56%, higher at 39 cents.
The deal will buy Babcock & Brown time while it hammers out a new business plan aimed at an ''orderly'' sell-down of assets over the next two to three years.
“

”Australian investment bank Babcock & Brown has secured new funding from its bankers with a proposal to recapitalise its business over the longer term”