Nice to see its finally signed. Now just need to get it voted on and then PGI can move forward.
Great outcome with the US $7.5 BanReservas, the repayment schedule is very balanced.
Whilst the increase in the interest rate hurts, that can be balanced out by PGI being able to pay down the debt whenever they want, which obviously allows them to potentially reduce the overall amount of interest paid anyway.
PGIs forward hedge is very important and I am very happy they hedged so much recently. As we need to be able to meed all the interest/preference shares/loan repayments and having a good USD price is pivotal.
Ann: Financing Documentation Signed-PGI.AX, page-2
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