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0.92% 54.0¢ boart longyear group ltd

As a part of the recap plan, Remaining $88M (in principal) of...

  1. 8horse
    26,847 Posts.
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    06/06/18
    16:42
    Post #: 33538456
    As a part of the recap plan,
    Remaining $88M (in principal) of unsecured notes will be reinstated with interest rate of 1.5% payable-in-kind ove Liquidity
    USD$530m + USD$88m = USD$618m as at the time of completion of the recap plan.

    That was a great deal for noteholder, got more shares worthy than their forgiven debts.
    Last edited by 8horse: 06/06/18
    BLY Price at posting: 1.1¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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