RE:Uses of the $350 million?
Why on earth would they buy worthless shares? That $350M is already spoken for, at least $200M is dues to Cinven starting with that first payment in December and the deferred 50% payment in February.
Plus we have that EXTRA $72M finder's fee that still have not been officially taken off the table. The company has NOT disclosed whether it was triggered or not. But it's in the "consideration" section of the Cinven deal.
The market is NOT buying the Notes are good for shareholders and bondholders. Only the paid pumpers here are buying anything with their 25 cents per post!