Arrow International liquidators find $40M of notional assets

Fri, 14 Jun 2019

By Jenny Ruth June 14 (BusinessDesk) - The first liquidators reports on Arrow International say the company’s main subsidiary has a notional $40 million available for unsecured creditors, not including $4.5 million in retentions held in trust. That’s after $2.4 million owed to secured creditors, mostly for bonds. But the liquidators, Andrew Bethell, Andrew McKay and Colin Gower of BDO, say that “as yet, we have not subjected the information to detailed verification procedures. Therefore we do not accept responsibility for its accuracy....

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