Security for loan is on ALL company assets
Geez AHZ wouldnt want to default
Wonder what the actual convenants are and what financial ratios they need to maintain ?
PFG has been granted a first-ranking security for the loans on all assets of the Company and most wholly-
owned group companies.
The Company gives certain covenants and warranties typical for a facility of this nature, including maintenance of certain financial ratios. The loan facility contains typical events of default on which the loans become
repayable, including for breach of representations or covenants and de-
listing of the Company from ASX
.
Ann: Admedus announces facility agreement with PFG, page-58
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