OTCPK:APCFF - Post by User
Comment by
Methodon Mar 24, 2021 10:30pm
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Post# 32872950
RE:deal starting to wobble
RE:deal starting to wobble
rad10 wrote: Atlantic Power also announced today that the meeting (the "Debentureholder Meeting") of holders ("Debentureholders") of its 6.00% Series E convertible unsecured subordinated debentures due January 31, 2025 initially scheduled to be held on March 18, 2021 at 10:00 a.m. (Toronto time) is being adjourned to Wednesday, April 7, 2021 at 12:00 p.m. (Toronto time) to allow additional time to solicit proxies.
Looks like the wheels maybe falling off.
There is 19% already locked up so it might not be a lot more to get over the finish line. Even if they were demanding more $5m would probably fix it as it's only a $115m issue.
Would be shocking if iSquared walked even if they had to come up with $25-50m across the capital structure based on the total size of the deal.