The breach has to be proven first. And it may have been out of MFS's hands to avoid the breach (eg if it were due to market conditions).
If the Coy (MFS) is in trouble they (BOS) will try everything to get their money back.
We are talking about a $184m loan facility - we don't know yet how much of that was drawn down.
Why investment funds have to borrow heavily is something I don't understand. I would have thought they we more about investing capital, not borrowing it. Unless of course they are a geared fund and I don't think this is.
MFS
mfs limited
