Post by
bbdaerospacecnd on May 18, 2021 10:09am
2034 notes
It appears that Bbd made a smart move to sideline a complainer holder of 2034 notes by increasing the size of those series by $260 mln to a total of $510 mln and 260/510=50.9%
the vote outcomes becomes predictable
Comment by
bbdaerospacecnd on May 18, 2021 11:44pm
the unhappy bond holder of 2034 notes finally provided the consent after the dilution of bond notes https://www.thestar.com/business/2021/05/18/bombardier-issues-new-debt-in-bid-to-resolve-complaint-from-unhappy-bond-holder.html
Comment by
bbdaerospacecnd on May 19, 2021 1:52am
sorry, i made a typo..the consent was provided by an unidentified investor
Comment by
lb1temporary on May 19, 2021 6:04am
He finally give his consent to recieve the 1,25% door prize.
Comment by
raphaelle2 on May 19, 2021 7:08am
You mean 0.125% door prize!
Comment by
lb1temporary on May 19, 2021 7:46am
1,25$ for 1,000 $ bonds. You're right.
Comment by
HopefulJuan on May 19, 2021 8:32am
Curious who the "unhappy" bond holder is. A good friend no doubt.
Comment by
vonSachsenanhal on May 19, 2021 8:57am
Complete A-holes using a technicality to try to bring down a company and all its shareholders on the very brink of recovery!
Comment by
Jim99999 on May 19, 2021 9:48am
Right, the consent was provided by the new unidentified investor. It remains to be seen whether the original complaintant will concede defeat and accept their payout, or double down with further legal action. Jim
Comment by
PabloLafortune on May 19, 2021 10:21am
They could ask to be bought out I suppose. The value of the 2034 bonds is confirmed by 3rd party and Bbd has the cash to buy the disgruntled investor out. It would be frivolous for them to double down beyond that. They need to be called out though.