RE:RE:RE:RE:RE:RE:Bombardier in talks to amend bondholders' agreement after I think it was RBC analysts who said that the law is in favor for bombardier. Bombardier was clear in selling BT for several months and that bond holder had ample time to raise their issue before sale went through. Why did the bond holder raise this now? Bombardier is showing good governance by amending this for all bond holders. If this goes to court then its shows bombardier was proactive in addressing this when highlighted. And there was no breach, this is a clarification.
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