In simple terms, restructuring the debt means higher interest rates plus higher bank control which could potentially mean no distribution for long time plus possible dilution. Since MDT NAV is 32c circa, there is more than enough headroom to issue new shares and stabilise the balance sheet. My guess is that MDT will re-list with announcement of asset sales, capital raising (maybe 2 or 3 for each share at 5c per share) plus no dividend forecast for the next 2 or 3 years. Probably that will clean the balance sheet and the renegotiation will be on covenant and interest rates. My uneducated guess only.
Good luck
MDT Price at posting:
6.4¢ Sentiment: Buy Disclosure: Not Held
