Quote:
Originally Posted by peebee2
This could be really serious. If they can’t use their assets to secure debt, they might be screwed. Not sure why they think the lienor would relinquish effective title.
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The holders of the notes have already agreed to do so, but only if McLaren agrees to their financing terms. And McLaren's argument is that they are able to refinance elsewhere on far better terms which would be beneficial to the group.