I would like to see the term of the bank debt, wether they are at law rank equally with the notes.
In a Winding Up, what
will Holders receive
from Allco?
– Allco Notes are subordinated. This means that in the event of a
Winding Up, Holders will be entitled to receive a repayment of
the Face Value and any outstanding interest on the Allco Notes
only after all other debts, other than those which by their terms
or at law rank equally with or behind Allco Notes, have been
paid in full, but before any distribution is made to Shareholders
and any creditors whose claims rank behind those of Holders.
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