Business
Virgin’s rebel bondholders get UBS, Credit Suisse, Deutsche support – Sydney Morning Herald
A push by two Virgin Australia bondholders to disrupt the bankrupt airline’s sale to Bain Capital has gained the support of investment giants.
A push by two Virgin Australia bondholders to disrupt the bankrupt airlines sale to Bain Capital has gained the support of investment giants including Credit Suisse, Deutsche Bank and UBS.
Documents filed on behalf of Broad Peak Investment Advisors and Tor Investments in the NSW Federal Court on Tuesday claim that bondholders, owed a combined $800 million, now back their alternative proposal for the airline.
Bain says the alternative proposal put forward by bondholders is “not credible”. Credi…
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