RE:RE:RE:Good newsThe deal was that HPS had the right to demand 50% repayment of outstanding balance at time Alstom deal completed. They could waive this at their discretion. At the CC, BD annouced they had repaid 50% ($375M of the $750M balance), but did not state whether HPS had demanded repayment or not. Regardless, it is clear that BBD has voluntarily chosen to repay the other half and close this facility. Which surprises me, if it was as cheap as I thought it was.
Jim
Shamhorish wrote: if i remember well, the deal was to repay at least 500 million back upon receiving BT money, so they are just doing what was agreed upon and building lenders confidence i think