I hope this kind of shadiness isn't widespread
funny if they lost the lot, and have to explain it to their "investors" :-)
That 777 agreed their debt would be 'junior debt', so they're the back of the queue anyway?
They seem as desperate as Moshiri.
Fair point,
But it seems the 777 loan has no repayment date.
The only pressing one is R&M.
It's rumoured MSP had another 150m ready to go from investors for an additional 25% when Bill, sorry.... R&M blocked the first investment.
If it was MSP that leaked the 777 request for extention I'd guess they'll agree to a really short extention (maybe not even season end) before pulling the plug on them.
Not a chance 777 raises the money needed.
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