Banro Corp. fka BAA

[StockItOut]

Wooppee! They get $20M-loan & debt-payment-pass for a month.

"The key features of the Recapitalization Plan pursuant to the Support Agreement include:

-- i) an exchange of certain parity lien debt (= $227.5 Million debt)… for all of the equity of restructured Banro, and

-- (iv) a cancellation of all existing equity of Banro and any and all equity related claims."