price slide, page-52

GrahamCC,

You mentionned Bank covenants.

Are these known?

Is there a real chance of a breach?

If a breach is threatenned then understand PPX may draw down from existing debt facilities, seek new loans etc.

Any increase in debt would surely not be in PXU or PPX favor unless it enabled PPX to improve revenues, something to date they have been spectacularly unsuccessful at doing.