People have to understand that there R many components to this ANN.
It starts with saying that they have reached and agreement.
There is no change to payment of term loans in their maturity on May 2018.
Recapitalizsation refinancing yes.
So looking pretty good for LT investors.
24 cents was price for BK of SGH and or total wipe out of SGH shareholders which is not the case.
Dec 28 (Reuters) - Slater & Gordon Ltd (SGH)
- reached agreement with its lenders to make further amendments to its bank finance facilities.
- Anticipates that as process unfolds there will be media speculation concerning its bank facility arrangements
- Asx alert-bank facility amendments-sgh.ax
- working pro-actively and co-operatively with its lenders to explore and manage options for refinancing and recapitalisation of group
- maturity of group's facilities remains unchanged.
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