RE:RE:RE:RE:RE:Richie guy, who is the moron now? You called me that, rightI think some of you are missing what exactly went down......
This is the likely scenario....the 47.8 M bank faculty had to be reviewed here in the spring.
I betcha the bank made BXE get their overall debt lowered by at least 100M in order for the bank faculty to continie. Banks would have less risk tolerance.
I mean if this recapilzation doesn't happen...."
- it is a condition to completion of the Recapitalization Transaction that the Company’s existing senior bank credit facility (the “Credit Facility”) (which currently matures on November 30, 2019) be extended for a one-year term on terms substantially similar to those currently in place;
Does anyone really think the "note" holders want shares in this?
I don't imagine this was the note holders desire or first option. They are likely looking to offload this eventually if they can find a buyer.
The note holders made the loan to get interest and their principal back eventually...not to get control of the company and common shares.
The note holders are not out of the woods either...they bought some time.
I mean why didnt the note holders give more money and buy out the bank faculty?
Lol someone answer that....