Road ahead cleared for Bain Capital recapitalization of Virgin Australia
Singapore’s Broad Peak and Hong Kong’s Tor Investment Management, who between them hold approximately AU$300 of Virgin Australia’s AU$2 billion of unsecured bonds, have withdrawn plans for recapitalization of the struggling airline, leaving Bain Capital with an unobstructed path for its own recapitalization plans. The withdrawal comes after a court ruling last week which would […]
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