GREY:NMKEF - Post by User
Comment by
TeddyBearon Jan 17, 2020 2:55pm
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Post# 30566335
RE:Orion not in ccaa rearrangement plan ?
RE:Orion not in ccaa rearrangement plan ?Problem there is only 25,000 retails not so much for government to worry, and mostly in quebec ... they care even less !!!
Orion is in the CAAA as main creditors (2/3 of secured creditors) but this come after Nordic who get hypothec on most asset.
Nordic hypothec was $450M, following $350M payback, reduce to $100M