BNB babcock & brown limited

what does this release of info mean? they look like they're...

  1. 12 Posts.
    what does this release of info mean? they look like they're trying to show that their position that BBIPL cant be pushed in to liquidation is solid.

    RELEASE OF MATERIAL - RESTRUCTURE OF SUBORDINATED NOTES

    Babcock & Brown (ASX: BNB) today announces that following requests from some
    noteholders, Babcock & Brown Limited (BBL) has agreed to make each of the
    following documents available for inspection by noteholders at the locations
    set out below:

    - A copy of the Parent Subordination Deed between BBL and Babcock &
    Brown International Pty Ltd (BBIPL).
    - A copy of the BBSN and BBSN2 Subordinated Loan Agreements between BBL
    and BBIPL.
    - A copy of the BBSN and BBSN2 Subordination Deeds between BBIPL, the
    note trustee and BBIPL's security trustee.
    - An extract from the Syndicated Facility Agreement between BBIPL and
    its senior lenders.

    The documents can be inspected at the following locations:

    - BBL's offices at Level 23, The Chifley Tower, 2 Chifley Square,
    Sydney NSW Australia between 9am and 5pm on Wednesday 11 March and Thursday
    12 March 2009.
    - Bell Gully, Vero Centre, 48 Shortland Street, Auckland New Zealand
    between noon and 5pm on Wednesday 11 March and 9am to 5pm on Thursday 12
    March 2009.
 
watchlist Created with Sketch. Add BNB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.