New amendment proposal for tomorrows bondholder meeting
USD 20m equity upfront vs USD 12m (with another USD 5m contingent)
PIK Interest remains, but capped at 2/3’s of bond
Cash injected today better than optional cash in the future

02 Jul 2020
Amended proposal day before meeting

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Amended proposal day before meeting
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- Published:
02 Jul 2020 -
Author:
Alexander Jost -
Pages:
6 -
New amendment proposal for tomorrows bondholder meeting
USD 20m equity upfront vs USD 12m (with another USD 5m contingent)
PIK Interest remains, but capped at 2/3’s of bond
Cash injected today better than optional cash in the future