BLY boart longyear group ltd
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th....out of the question?, page-3

  1. GDelaney
    357 Posts.
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    27/02/14
    10:23
    Post #: 13057649
    This is alarmist, silly talk.

    REad page 4 of the refinancing presentation from October last year.

    There are NO MAINTENANCE COVENANTS on the high-yield debt.

    Therefore, provided that the coupon is being paid the bondholders have no rights.
    BLY Price at posting: 29.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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