debt

Billabong is currently in refinancing talks, thought to be with US private equity firms Altamont Capital Partners and Sycamore Partners. Meanwhile, US distressed debt investors Oaktree Capital Management and Centerbridge Partners have in recent weeks bought up much of Billabong's debt.

The company is negotiating a refinancing deal with US private equity groups Sycamore and Altamont even as hedge funds Centerbridge Partners and Oaktree Capital are rumoured to be working on a plan to swap the Billabong debt they bought for a controlling stake in the company.Ms Inman also said the company may not sell Canadian skatewear chain West 49 if the current sale process did not attract a buyer willing to pay a decent price.
From Wall street Journal

IMO this is a good sign
IMO this share is worth over 30 cents or more