BMD Holdings, Developer of Baha Mar, to Keep Open Offer for Baha Mar but Will Not Participate in Deloitte’s Sales Process

May 10, 2016

NASSAU, Bahamas, May 10, 2016 -- BMD Holdings Ltd., the developer of Baha Mar, today reported it has sent the following letter to China Exim Bank and Deloitte, the bank's receiver for Baha Mar, asserting it would keep its offer for Baha Mar open for now but will not participate in Deloitte's sale process. The BMD offer would enable Baha Mar to be opened as soon as possible; payment to be made to unsecured creditors; and China Exim Bank to not have to incur a discount. The full text of the letter follows: May 9, 2016 BY E-MAIL Messrs. Raymond Winder, Deloitte & Touche, Bahamas Darach Haughey, Deloitte Touche Tohmatsu, Hong Ko...