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Podcast: WorldWide Markets with Simon Brown
Episode: An undiscovered healthcare gem? (#436)
Description: Simon Shares Ascendis (JSE code: ASC) lenders are flexing their muscle. Back in February L1 Health, Blantyre bought enough debt to be able to block any asset sales and with over R7billion in debt Ascendis desperately needs to sell their European crown jewels. There is now a forbearance agreement in place until the end of April by when the company needs to have sorted out their debt. A rights issue is not an option at current prices so a debt for asset swap with the lenders? This will maybe resolve the debt issue, but then what does...