AXL axel ree limited

8.86%

7.2¢

Old news, really where did you see it before??? The notice was...

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jimk3758

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24/10/18

16:59

Post #: 36245630
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Originally posted by lordolean: ↑

yes I saw this...kind of old news catching up.....the waiver was already issued by the Senior banks, but due to intercreditor deed the bondholders are also party to the waiver process...so they have to be notified and have rights.....however I cannot see the boldholders going against the actions of the senior banks, and suspect the company will also ask the bondholders for a waiver which they would be mad not to agree to.

so this is still bound up in the outcome of the negotiations with the Senior banks, who would on balance and with the amount of credit support (looks like 50% subordination at the moment!), appear crazy not to fund their business going forward..

technically the breach of conditions is an event of default which needs a waiver....it sounds scary but is not abnormal...

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Old news, really where did you see it before??? The notice was only dated yesterday and I only received it today being a senior bondholder to ASX bonds that my Trustee will convene a meeting with AXL.Let us know where you found out that information before bond holders like myself!

Last edited by jimk3758: 24/10/18

AXL Price at posting: $1.63 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.2¢		Change -0.007(8.86%)		Mkt cap ! $7.259M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.2¢	$45.13K	603.9K

Buyers (Bids)

No.	Vol.	Price($)
3	96484	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	171111	1

View Market Depth

No.	Vol.	Price($)
3	96484	0.070
1	134600	0.066
3	108306	0.065
1	50000	0.060
3	378334	0.055

Price($)	Vol.	No.
0.074	171111	1
0.080	50000	1
0.082	149751	1
0.092	50000	1
0.093	9000	1

Last trade - 16.10pm 17/06/2025 (20 minute delay)

AXL (ASX) Chart

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