IBI Group Inc T.IBG.DB.E

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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 CreditRiskon Jun 25, 2014 7:30am

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Post# 22692241

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:95%

And the banks aren't making "fat returns" at all relative to the risk on that bank debt.

And you think these covenants are not "hard and fast rules"? Sure the banks probably don't want to drive IBI into bankruptcy and deal with everything that goes along with that but would probably be happy to sell the debt to a distressed equity/debt shop at a discount to face value, whom in turn would happily accelerate the maturity of the facility if one of the company's covenants are breached, restructure the capital structure as a means to effectively buy majority equity cheaply, effectively eliminating the convertibles and current equity holders in the mean time (partnership included).

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