{"id":42594,"date":"2013-06-27T12:25:43","date_gmt":"2013-06-27T19:25:43","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=42594"},"modified":"2013-06-27T12:32:38","modified_gmt":"2013-06-27T19:32:38","slug":"two-banks-ditch-billabong-debt","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=42594","title":{"rendered":"Two Banks Ditch Billabong Debt"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/12\/billabong_corp.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/12\/billabong_corp.jpg','popup','width=97,height=121,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2013\/06\/billabong_corp-tm.jpg\" height=\"124\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong Corp\" \/><\/a>More bad news for <strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong>? Is that possible? According to a story in <strong><em><a href=\"http:\/\/www.theaustralian.com.au\/business\/companies\/banks-dump-billabong-debt\/story-fn91v9q3-1226670472267\" target=\"_blank\">The Australian<\/a><\/em><\/strong>, it is.<\/p>\n<blockquote><p>Following this week&#8217;s moves by the company to reassure investors that its refinancing plans were progressing, reports have emerged that <strong>HSBC <\/strong>and <strong>Commonwealth Bank<\/strong> have offloaded about $85 million worth of Billabong&#8217;s debt. . . The surprise sales are understood to have occurred at prices 15 per cent to 20 per cent lower than the debt&#8217;s face value, with the buyers understood to include illiquid asset specialist Hong Kong-based <strong>SC Lowy<\/strong> and <strong>Bank of America Merrill Lynch<\/strong>, an existing member of the lending syndicate.<\/p><\/blockquote>\n<p>So wait, you&#8217;re saying the smart money is leaving Billabong?<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.theaustralian.com.au\/business\/companies\/banks-dump-billabong-debt\/story-fn91v9q3-1226670472267\" target=\"_blank\">The Australian<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More bad news for Billabong? Is that possible? According to a story in The Australian, it is. Following this week&#8217;s moves by the company to reassure investors that its refinancing plans were progressing, reports have emerged that HSBC and Commonwealth Bank have offloaded about $85 million worth of Billabong&#8217;s debt. . . The surprise sales [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/42594"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42594"}],"version-history":[{"count":1,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/42594\/revisions"}],"predecessor-version":[{"id":42595,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/42594\/revisions\/42595"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42594"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}