date:Jul 04, 2012
decision is expected at the end of this week when thecompany's senior creditors will vote on which proposal to back.Under Triton's plan, the existing 180 million mezzanine debtwould be written off and Triton would provide 200 million ofliquidity to repay senior debt.
Lion and the mezzanine investors want to inject 70 million inthe form of a revolving credit facility and a 150 millionsubordinated payment-in-kind note. The mezzanine investors arealso offering to repay 125 million of senior debt