centro hybrid scenario testing, page-35

Right on beer-eyed one.

I actually find the following statements interesting:

Centro stapled securities equivalent to 14.9% of existing issued securities will be
issued on or before 15 January 2009 to the Australian lenders and US private
placement noteholders on a pro rata basis at market value, the proceeds of which
will be used for payment of outstanding lender fees and expenses;

and

A facility of US$370 million will be provided to Super LLC by the existing US lenders.
This facility will be used primarily for the repayment of indebtedness and will provide
additional liquidity;

and

Up to A$35 million revolving working capital facility;



All these statements tend to indicate, contrary to what posters have often been saying, that CNP are not comfortably paying their interest bill. Alot of talk about outstanding fees and indebtness in those sentences.