Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.DB

Debentures

[Northforce13]

It is possible that the recap plan asks deb holders to extend maturities and lower interest rates.  Possibly with a minor sweetener included.  

The (suspicious) asset writedowns conveniently suit the purpose of causing the amount of equity in front of the debs appear less.  Thereby increasing the perception of the value of a capital injection.  Thereby increasing willingness to vote positively on a proposal involving such. 

Such an interesting story