September 19, 2010
By NEIL HARTNELL
Tribune Business Editor
Although Baha Mar officials had "no new update" on the progress of talks with Scotiabank to resolve the impasse over the latter's $200 million syndicated loan, sources familiar with the talks said both sides had last week indicated a willingness to compromise and were attempting to finalise an agreement before Wednesday's Parliamentary date.
Contacts close to the parties told Tribune Business that both Baha Mar's principals, the Lyford Cay-based Izmirlian family, and the bank's Toronto head office had indicated they were prepared to 'meet in the middle', the former offering more cash up front in a 'debt for equity...
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