Centres of excellence - restructure, page-21

"....Point is this. If the banks thought Slaters was a basket case they would have pulled the pin because otherwise they would lose more dough."

Hey Gekko. Can you elaborate on this point please?

In particular, I'm interested in understanding how the bank triggering a breach in Feb (and thereby initiating the co's insolvency) would have been a preferable outcome for them, compared to restructuring the loan and extending the repayment schedule in the hope the co's performance improvement prog bears fruit and it can repay its debts (with extra fees added) down the track