Having danced around Basslink for years, and been seriously on the scene since early 2021, APA Group will go to a credit vote very confident that it’s deed of company arrangement will get a tick of approval.
Street Talk’s got the details of APA Group’s deal, which was finalised with receiver FTI during the past month of exclusive talks. Basslink’s creditors (of which APA is the largest) will meet on Tuesday afternoon.
APA Group will cut a $117 million cheque to buy electricity interconnector Basslink, in a deal expected to be approved by the insolvent company’s creditors this week.
African gold miner Resolute Mining is thinking about taking the quick route to balance sheet repair, in a bid to reset the company’s finances and get the debt monkey off its back.
