RFG 1.49% 6.6¢ retail food group limited

For holders only - reasons to hold?, page-47

  1. 50 Posts.
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    I only see;

    • An Operating Leverage ratio increase for 12 months to 3.0x (previously 2.5x), reverting to 2.5x thereafter;
    • A minimum budget for the financial year ending 30 June 2019 of underlying EBITDA $90 million;
    • Introduction of a financial covenant based on comparing actual quarterly underlying EBITDA performance to budget,with a 20% variance trigger;

    None of these are a "debt at 3 times EBITDA" covenant starting from 1 April 2018?
 
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