TSX:IBG.DB.E - Post by User
Comment by
HRc60to65on Jul 04, 2014 1:03pm
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Post# 22716520
RE:RE:RE:RE:RE:RE:RE:Proposition
RE:RE:RE:RE:RE:RE:RE:PropositionThe offers on the table is the best IBI can submitted for acceptance as per the
SECOND AMENDED AND RESTATED CREDIT AGREEMENT.
IBI as per the credit agreement :
Bond rate which does not exceed 10% per annum
Shall not be in default of any debt
Can not issued shares to pay bonds, if a change of control occur
Can not increase debt without the consent of the secure lender
Can not sell account receivable, except if it is in default at a minimum of 50 % of the account value