Embattled woodchipper Gunns persists in trying to revive its balance sheet, while Coates edges towards a float and speculation continues around Nine's debt prices.

Gunns' long march towards recapitalisation has been slow and full of painful setbacks. And with still no end in sight, the company's desperate lenders are having yet another shot at repairing the company's balance sheet. Also this morning, Coates Hire is a step closer to the bourse and there's movement in Nine's debt markets.


It appears that lenders to embattled timber company Gunns are becoming increasingly nervous about the $500 million they are owed by the end of the year.


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