MN discn PPR and is SGH undervalued ?, page-46

How could they miss a payment when they are cashflow positive including interest payments ("finely balanced liquidity") with EBITDA probably better than $A100m and they have $85m working capital?

Interest on the £315m + £60m + $A45m + $A45m term loans would be only about $A32m ("facilities essentially unchanged in April reset") assuming an exchange rate currently 0.593c to the pound. amortisation in June 2017 can't be more than ?$A30m