Infrastructure buyout creditors question
Hey guys,
I was recently going through some news and saw that Brookfield and American Towers are potentially planning the buyout of Cellnex Telecom. Since Cellnex is a highly leveraged company, I wanted to try to understand what would happen to the company's outstanding bonds in the case that Brookfield and AA bought, say, only half of the company.
I guess it has something to do with change of control clauses on their bond's prospectus, right? However, I don't really understand how the bonds would be distributed in such event.
Thanks in advance!
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