The heartache at Bingo Industries has been well documented in these pages over the past nine months. As last reported by The Australian Financial Review, the one-time ASX-listed waste management business had its credit rating slashed to the lowest reaches of junk at the same time as its debt pile increased by $100 million, thanks to a very interest-heavy loan.
Bingo Industries was bought out in a $2.3 billion takeover by a Macquarie entity.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
