"I believe IF there is a DFE, it would be indicated closer to the first repayment. Should anchorage become hungry what is 20m worth in a DFE? Depends what the price is if they decide to try that on. Should they buy more debt, they are still governed by the terms of the debt agreement are they not? It's easy money for them anyway. Thoughts on this?"
In the scheme of things and big picture stuff these debt buyers will be insignificant.
Even the debt that they have bought, whole lot of it is not going to be due fro payment any way.
They will lack the strength and ability to do any thing on their own and will be bound by the terms of the debt/term loan.
Worst comes to worst ,they can ask for a payment of that installment or a swap for D F E , a miniscule scenario. Looks like they have just takne a small punt thinkng they may b get lucky to get a little bite of the sweet ripening cherry of SGH for free.
Who does not like having sweet dreams like this one.
MN discn PPR and is SGH undervalued ?, page-185
-
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)