beppa in 2012, page-62

eMark...as you have laid out the corporate debt, that is how I see it.

The issue I am wanting to resolve is how these loans might be paid down and in what order from asset sales.

For instance, won't they Powerco sale at $400NZ get rid of the corporate debt and the two NZ facilities....just (@ $1.24 conv).

Which therefore means we need to concentrate on the UK revolving facility of 85m pounds due to be settled in Feb 2010.

The big one however is the US debt due in Dec 2011...US$515m. At June 30, the Aussie equivalent was $$535....now it is around $790m!

Surely BBI is best quitting the US pipeline assets and pating out in US dollar equivalents.

Conclusion: The best part of 18 months to cement a major asset sale. Tricky, but not an impossible postion at all.