BBI 0.00% $3.98 babcock & brown infrastructure group

lets talk about euroports conditions precedent, page-3

  1. 321 Posts.
    It's a bit hard to discuss when we have no clue what they are (except maybe what rich said above) but only the consequences of each possibility.

    Conditions met, sale proceeds, risk eliminated, price up.

    Conditions not met is a bit more complicated though.

    Are they no longer going to consider buying further stakes?
    Are they going to pull out altogether?
    Are they going to renegotiate?

    Worst case scenario is that they pull out altogether, then we have to refund their deposit, which at the moment, we can not do. To solve this we'd probably need a short term loan of some sort until if and when DBCT is sold.

    In my opinion, this shouldn't be too difficult, the risk is low for the banks and they would be able to charge exorbitant rates to squeeze a bit more money out of us. And don't have enough time to check now, but don't we have a number of facilities which are not fully drawn? Should be quite possible to fund it with debt somehow, although we're trying to do the opposite, it's the only option.
 
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