Bondholders not Happy!
Jan Petter Sissener , a finance man in Oslo that has made millions on shorting NOR stocks and a 17% owner of a 250 million euro obligation loan ending in December is not happy with the fact that Norwegian went public with this rather hairbrained idea of using the Gatwick slots as colateral/guarantee for extension of the loan. BEFORE asking him and other bond owners!
I would agree with him, how desperate can You come across , this did drop the stock by over 10%.
BTW
He wants a final and LARGE financial restructure , and he still thinks the Company is viable!
And considering he also is stuck with a rather big portfolio of Stocks, he would talk it up.
This chap is if anything an honest gambler, and quite a few listen to him.
So lets see what he decides.
If he says: NO! I would considering updating my CV.
Regards
Cpt B