Someone explain upcoming debt for equity swap please?

  1. 505 Posts.
    lightbulb Created with Sketch. 22
    hi, can someone please explain the upcoming debt for equity swap for me please?
    Also isn't a good things that the banks have taken some of the hit here?
    As I understand it.. the banks sold 25% of the debt and wrote off the other 75% - which is a good thing for SGH, as the banks took the hit.
    I realise the road ahead could be rocky..and there could be a class action to contend with among other things.
    thanks in advance.
 
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