RE:RE:RE:RE:RE:RE:Bombardier in talks to amend bondholders' agreement after You are making a mountain out of a molehill. What does the very next paragragh of that article say?
A worst-case scenario is unlikely to materialize because most bondholders have little incentive to push the company into default, Mr. Fong said. The bulk of Bombardier’s bonds are trading near par – either slightly below or slightly above – and creditors are unlikely to gain much, if anything, in a default, he said. Bombardier could negotiate with the 2034 class of bondholders directly and pay them out, he said. https://www.theglobeandmail.com/business/article-bombardier-looks-to-change-terms-of-debt-after-sale-of-train-unit/ Jim
Shamhorish wrote: yes, no doubt management are doing good things but this problem with the breach and bbd denying the breach, then trying to amend and seek consent......and willing to pay..!!!
as one says this could go sour if senior bond holders do not accept bbd offer
"Things could also sour for the company. The company’s bond indentures could contain cross-default provisions or identical language as it relates to asset divestitures. If so and the unnamed bondholder’s allegations are proven true, the company would face an across-the-board default event and bondholders could demand full repayment, Mr. Fong said
imo, that is scary scenario