Enumerate, good post.
People need to realise is that right now the banks simply cannot afford to let this company die. The short term result for them would be really bad if they put it into administration.
We need to wait and see what the restructuring plan brings and whether between now and then the remaining European wind assets can be sold.
if they are sold for a reasonable price and the leftover money is kicked back into the HO tin and the $150M is repaid, then BNB can have a crack at a restructuring to see if they can survive, but it will involve a debt for equity swap and that will dilute the existing ordinary shareholders.
BNB
babcock & brown limited
