Babcock & Brown Gets Refinancing Proposal From Hedge Funds Through RBS
Tuesday, September 22, 2009 : PermalinkRTT News – Tuesday, Babcock & Brown Infrastructure Limited said it received on September 17, a refinancing proposal from Royal Bank of Scotland Group Plc, acting on behalf of an investor group, which comprises mainly international hedge funds.
As revealed earlier in the first week of September, Babcock & Brown said it had an agreement with a potential cornerstone investor and hence the directors of the company are required to assess whether the RBS proposal is superior to the existing recapitalization proposal by the potential cornerstone investor.
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