Originally Posted by
uncle-traveling-matt
This, from a guy working for sas 😂
But tell me. Does converting debt to shares mean taking up more debt? Will the total debt be more or less after this exercise?
New Norwegian will be very much alive after corona, with a strong equity, a lot less debt and one of the newest and most environmentally friendly fleets out there. Restructered, but stronger than ever.
Converting debt to shares will give Norwegian access to financing from the Norwegian government. That is a loan, not free money.
In the process all shareholders will lose a lot when the share price nose dives. That will affect at lot of regular people out there.