The company, owned by The Carlyle Group and Varde Partners, is no stranger to debt troubles, having secured a financial lifeline just a year ago.
Now, Street Talk can report Bis is asking for time out from its hefty repayments, with its lenders calling in KordaMentha and Clayton Utz for advice.
Over at BHP’s multi-billion sale of Queensland coal mines Daunia and Blackwater, one of the bidders, Whitehaven, is facing an uphill battle against some shareholders.
This group of dissidents prefers a fat dividend cheque over a chunky acquisition – however, it wasn’t known if there were enough of them to block a shareholder vote should Whitehaven win the assets. Binding bids are due in the coming week.
The ASX-listed miner is among the short-listed parties for the coking coal operations at Blackwater and Daunia in Queensland for sale for up to $US5 billion.
The four-year-old telco, run and backed by former Macquarie Capital suits, needs to bankroll the infrastructure it requires to get into a million Aussie homes.
