IBI Group Inc T.IBG.DB.E

Technology Software - Application

IBI Group Inc. is a global design and technology company. The Company offers a range of services, including architectural controls, architecture, bridge engineering, civil engineering, construction management, data analytics, design technology, development engineering, economics/financial analysis, electrical engineering, energy solutions, engineering, environmental assessment, geomatics/land surveying, highway and road design, and indigenous engagement and relations. The Company¿s services also include interiors, land use planning, landscape architecture, mechanical engineering, municipal infrastructure, operations and maintenance, parametric design, placemaking, planning and urban design, public outreach, research and development, software development, systems engineering, traffic engineering, transit planning, transportation engineering, visualization, water resources management, and water/wastewater. The Company has over 60 offices in major urban centers across the globe.

TSX:IBG.DB.E - Post by User

IBI Group Inc

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Comment by patenrighton Jan 09, 2014 9:34pm

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Post# 22076552

RE:RE:RE:RE:RE:RE:RE:Evidence Pat bought the bonds

HRC - how can you be so certain on 100% with combo of cash, shares and new bonds so say 22m new bonds, 7m cash and 12.5M shares ( mk value of 15M) to total 45M for 100%. No one knows unless you have insider information. Also, Again, this is a great opportunity with bonds trading at 30-50 to offer say 60% payback and im sure you would get 66% to agree. offering shares adds to dilution and company has only reduced debt by say 22M when other debt = 140M still so they would still have $162M of debt - just too much. This would be the perfect opportunity to offer 50-60% on ALL of the bonds and shave off around $60M of total debt and bring total debt down to around $130M, still high but more getting more manageable. When you have your bonds trading at 20-30 cents as IBG were, Im not sure why on earth you would then offer 100%. If 2014 were in fact going to get 100%, I dont believe they would still be only at 50 cents, would be more like 60-70. I gotta assume partners will be injecting their own $ here for the cash component I cant see them offering that many shares to bondholders without them grabbing some too. It will be interesting to see what happens.

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