They have been saying for months there priority was to reduce debt as quickly as possible, how is extending loan terms achieving this?
Guys, you are not reading the notice properly.
FMG has said that the loans will be repaid as quickly as possible. That has not changed. And barring disaster, the extension of the term has no effect at all, none.
They expect to save $25m by negotiating a lower interest rate, but they are not extending the loan.
They are simply hoping to extend the termination date. There is a big difference.
debt repricing, page-13
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
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| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
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| FMG (ASX) Chart |