MUE multiplex european property fund
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good value, page-8

  1. daleg
    189 Posts.
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    12/09/11
    22:33
    Post #: 8950086
    I confirmed they are non recource with mgt. It was amazing the banks agreed to release the hedge without any sweetener from MUE. Yes if we breach a lending covanant they would sweep the excess rent and in effect stop the quarterly distributions. But they cant get their hands of the $75million.
    MUE Price at posting: 18.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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