prospects for bnbg's, page-26

Hi,
The question is going to be buying time for who?
Worry I would have, is that there appears to be an explicit statement in the prospectus allowing the issue of debt senior to the notes, on any terms they like.
If that is the case, what is to prevent them issuing notes at a punitive interest rate, to ensure that no matter what happens, no value left in the company.
Question is, does the statement above on restrictions on bnb cover this scenario, or would the banks be neatly side stepping the rights of note holders.

Have Beppas, this is not a scenario I would like to face with them.