FMG was in breach of covenants not long ago. Their brilliant solution was to find a new lender and write in friendly covenants. Not sure if DML can achieve the same solution.
One can speculate that the banks will appoint an administrator and he/she will sell the main asset pay the bank and leave shareholders with what is left over.
Now the banks would not do that, would they?
breach of debt covenants - overdone, page-7
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)