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


Primary Symbol: T.RPR.DB Alternate Symbol(s):  SLTTF | T.RPR.DB.A | T.RPR.DB.B

Real Estate REIT - Diversified


TSX:RPR.DB - Post by User

Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > sot_-_q3_2024_financial_statements_vsedar Note 28
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Comment by Tree2treeon Nov 10, 2024 10:51am
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Post# 36305284

RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28
Interesting discussion here.  Yes, SOT is generating a bit of cash - but not enough to pay down debt significantly.  Whether or not a bankruptcy happens, the lenders are in a position to dismember the company in a way that is not favourable to common share or debenture holders.  Higher occupancy would help a lot, but is not likely to happen immediately.  So new financing seems like the best way to preserve some value above what is owed to the lenders.  Also not ruling out a takeover, as previously discussed.
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