GREY:NEVDQ - Post by User
Post by
murrpacon Aug 19, 2024 9:58am
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Post# 36185712
Cured costs
Cured costsJust curious if anyone has insight regarding the cured costs that the stalking horse bidder has accepted obligation for. I haven't seen anyone touch on this yet. Appreciate all the information so far from everyone.
My understanding is cured costs include monetary liabilitiy obligations prior to recievership (debt, lease payments, warrants, streams). Please correct me if incorrect.
The purchase price under the Stalking Horse APA is US$128 million plus the Buyer’s obligation to pay certain cure costs with an adjustment for the assumption of certain liabilities
Also assuming certain liabilities above are out of the money warrants...? Again would like others opinions on this - I'm no lawyer.