Ok, so the announcement is saying that any new agreement with...

Ok, so the announcement is saying that any new agreement with screw the shareholders out of all of their money and the noteholders out of nearly all of theirs too. What kind of arrangement could possibly do this?

I don't hold the shares because I could see this coming for shareholders, but I can't see how the banks could possibly take away the rights of BNBG holders for their debt? Does someone have a better understanding?