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Thanks for your comment Reece.

Next concern: I hear that Babcock and Brown Power has something like $3.1b of debt that will need refinancing soon.

This article says that http://www.theaustralian.news.com.au/story/0,25197,23385762-5012439,00.html

"ANOTHER Babcock & Brown entity that will remain a focus of attention is Babcock & Brown Power, which is set to refinance a big wad of debt within the next few months.

While chief executive Paul Simshauser has told the market he has received underwriting offers for a $3.1 billion debt refinancing, the market will remain nervous until the deal is done."

Question (to REECE): does the fact that they have recieved underwriting offers mean the refinancing is a "sure thing"?

How likely is it that they won't be able to? If they can't, will it be a domino effect, ie the end of the whole Babcock empire?

<blockquote data-quote="Mr_T" data-source="post: 274410" data-attributes="member: 12516">Thanks for your comment Reece.Next concern: I hear that Babcock and Brown Power has something like $3.1b of debt that will need refinancing soon.This article says that <a href="http://www.theaustralian.news.com.au/story/0,25197,23385762-5012439,00.html" target="_blank">http://www.theaustralian.news.com.au/story/0,25197,23385762-5012439,00.html</a>&quot;ANOTHER Babcock &amp; Brown entity that will remain a focus of attention is Babcock &amp; Brown Power, which is set to refinance a big wad of debt within the next few months. While chief executive Paul Simshauser has told the market he has received underwriting offers for a $3.1 billion debt refinancing, the market will remain nervous until the deal is done.&quot; Question (to REECE): does the fact that they have recieved underwriting offers mean the refinancing is a &quot;sure thing&quot;?How likely is it that they won&#039;t be able to? If they can&#039;t, will it be a domino effect, ie the end of the whole Babcock empire?</blockquote>

[QUOTE="Mr_T, post: 274410, member: 12516"] Thanks for your comment Reece. Next concern: I hear that Babcock and Brown Power has something like $3.1b of debt that will need refinancing soon. This article says that [url]http://www.theaustralian.news.com.au/story/0,25197,23385762-5012439,00.html[/url] "ANOTHER Babcock & Brown entity that will remain a focus of attention is Babcock & Brown Power, which is set to refinance a big wad of debt within the next few months. While chief executive Paul Simshauser has told the market he has received underwriting offers for a $3.1 billion debt refinancing, the market will remain nervous until the deal is done." Question (to REECE): does the fact that they have recieved underwriting offers mean the refinancing is a "sure thing"? How likely is it that they won't be able to? If they can't, will it be a domino effect, ie the end of the whole Babcock empire? [/QUOTE]

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