My point is that one of the possible "alternative arrangements" banks may consider is a takeover offer from Bright or A2M, if it includes appropriate provisions for the debt being repaid.
I generally think it would make no sense for A2M to oppose the loan without being prepared with such an offer. I also don't think Bright would be prepared to let Synlait go into receivership without making its own offer. And I don't think Bright would be prepared to negotiate with A2M unless they have to in order to avoid the receivership scenario.
These are just my opinions, not sweeping statements of fact.
A2M Price at posting:
$6.71 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)