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When one maneuvered in a corner corner, angry angry is just more crumbs. This may reasonably describe the difficulty of the juice. News KKR has a private capital group It’s been out of a plan to provide £ 4 billion in fresh equity The market-based solutions are spitting the UK software emphasizes how difficult it is.
In theory, it is possible to invest in the juice – just. Currently, there are approximately 20 billion pounds adjustable assets and £ 18 billion. The next five years comes – when you grow up – it will slowly slowly slowly. That In addition to fine Other Niggles will probably leave it with £ 5 billion pounds free cash flow. However, good news will increase the main source of the planned capital of planned investments, about 32 billion pounds of value.
It calculates Lex in very rough assumptions that an investor in a 4-billion pound injector can stand to double the money. If they do not make 30 percent hair in the existing debt and – the most difficult of all – Circle the performance of the communal. It is not great, investing in the history of Thames water, comes to return investment.
A sharp hairstyle on debt can invite you to get rid of a new capital investor. However, large bondholders – Elliott management, Aberdeen and many others need to confirm any voluntary resapitization in practice, so the penalty conditions may be limited.
It is to collect tens in terms of bills, penalties and performance sizes – to ensure a suitable environment for government and regulators. Likely to In current conditions, this is not for the KKR, Now went up to the sunset.
Other stakeholders can face similar problems. Another “market” alternative is to implement the reconstruction of the bondholders, which provides for hair correction and small capital needles in the form of new capital, new capital.
However, the details of this proposal have not been announced and it will support the owners of the existing debt with the skin, it is rare for companies with only one choice on the table to get the best deal.
Of course, there is another route. Put a juice To the special administration – The temporary form of reproduction – would not be popular with utility creditors. In addition, it will be a political point of view, and will increase public financing and send a good signal to those who want to invest in the infrastructure of the United Kingdom.
But through a number of wrong steps, England has already maneuvered to a worried space. Meanwhile, the juice leaps to increase the expensive emergency debt, To pay for a great consultant and operating auction processes ending with several serious bidders. The chances of reconstructing under state property seem to be a bad gang choice.
