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...
Click here to read more at The Tribune