The syndication process is being aggressively pursued with a number of Brazilian banks vying for participation in the financing.
Due-diligence by the banks on the Antas Reserves and Engineering is on-going. Avanco does not envisage any surprises or delays arising from due-diligence and is aiming to complete the debt funding programme during Qu4. The Company is financially strong and can draw on its cash reserves to initiate site works as soon as preliminary funding terms have been confirmed with the syndicate.
AVB is confident Finance settlement prior to Christmas. Q4. Only 8 weeks remain in Q4.
- Forums
- ASX - By Stock
- AVB
- Quarterly
Quarterly, page-20
-
- There are more pages in this discussion • 168 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)