Looks like the banks have confidence in BNB to finance the efforts to restructure.
Debt for equity in a refinanced BNB should ensure long term survival.
There would appear to be a number of projects, in the pipeline, to be completed profitably.
If they can achieve some sales in the non-core assets ... this would be a very positive outcome for the future of BNB.
/disclosure: I have taken a position in the BNBG's and BNB010's
BNB
babcock & brown limited
Looks like the banks have confidence in BNB to finance the...
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