) bondholders plan to propose to creditors a debt-to-equity swap as an alternative deal to the purchase by Bain Capital agreed by the company’s administrator, a lawyer for the bondholders said on Friday.
Singapore’s Broad Peak Investment Advisers and Hong Kong’s Tor Investment Management plan to put forward an alternative deed of company arrangement to a vote at a creditor’s meeting next month, the lawyer Ian Jackman said. “We for our part will have an alternative DOCA ... with a view to improving the return of creditors as well as ensuring the future viability of the company.”
Their proposal involves interim funding to allow Virgin to continue operating, the conversion of noteholders and certain other unsecured creditors’ debts into equity worth around 69 cents on the dollar with an option for creditors to sell their shares for cash, the submission said.The terms of Bain’s deal agreed with the administrator Deloitte have not been disclosed publicly.
Time to liquidate VirginAustralia and finally put the matter to rest. This will only cause further lack of confidence with the traveling public. 'Joe Public' will be reluctant to book any flights with VirginAustralia and risk losing more of their hard earned money...
Трамп на предстоящих выборах Президента США предстанет перед избирателями уже не 'агентом Кремля', а, следует полагать, 'агентом Пекина', в противном случае его предвыборный штаб эту предстоящую гонку за Пост Президента проиграет.
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