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Griffin"s debt burden

Fri 05/02/10 - 08:34:52 vs6
ANZ is owed $158 million in relation to a ''secured guarantee liability of Griffin Coal'', according to documents lodged with the Federal Court by KordaMentha's Brian McMaster, who has been appointed administrator to six Griffin companies. This makes ANZ the biggest creditor besides US
Tags : smh.com.au, Tax, Selling, Sell, Interest, bloomberg, liquidity shortage, reclusive millionaire, mining leases, unsecured debts, recapitalisation, noteholders, bondholders, secured debt, 40c, ultimate control

Griffin administrator moves step closer to sale

Fri 05/02/10 - 08:15:54 vs6
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ANZ and Commonwealth Bank are owed a combined $240 million by companies in the Griffin Group which collapsed last month after failing to pay a tax settlement and money owed to US bondholders. ANZ is owed $158 million in relation to a ''secured guarantee liability of Griffin Coal'',
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Tags : smh.com.au, Tax, Selling, Sell, RON, Interest, BER, liquidity shortage, reclusive millionaire, mining leases, unsecured debts, due diligence, recapitalisation, bondholders, noteholders, secured debt, ultimate control