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I'm not entirely sure this will work, but they're going for it.
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Another step making it easier to divest, being bought out, or outright bankruptcy... #PutAForkInThem
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Okay, my favourite part of clicking on that link is the big ad for Roz & Mocha midway down the page.
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"There are also requirements to use any Excess Cash to repay outstanding balances on the Revolving Facility and certain terms related to the use of proceeds on asset disposals, the ability to incur certain indebtedness, the ability to designate certain subsidiaries and certain reporting requirements, have also been amended."
Someone must have been paying close attention during all those adventures in borrowing scenes in The Godfather, Goodfellas and The Sopranos.
Last edited by DX (September 3, 2024 11:00 am)
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From the Canadian Press:
Corus Entertainment gets breathing room from lenders in amended debt deal
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RadioActive wrote:
I'm not entirely sure this will work, but they're going for it.
Equity markets aren't "buying" it. Common shares remain stuck @ fourteen ($.14) cents