Takeover

[Kit Kat Chunky]

Would MSD be bothered? top priority would be the payment of loans with interest. Looking after it's own investors and it's good name comes first

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

Interest wouldn’t be deducted up front, but there could well be an early repayment penalty.

If its a bridge pending sale then the interest is deducted from the gross advance. Standard practice on these type of short term loans. Take your interest from the capital position, because the cashflow can't service the debt. This is why FFP is also our biggest problem.

 Nobody on here has read the actual loan documentation though, so nobody can speak with any authority.

We are all guessing, unless someone is prepared to upload the Loan Documentation Suite and share with us.