Maybe you should read the announcement. The covenants were not really changed. The bank basically only forbid the company to pay a dividend.
I did read the announcement ..... and as you can see they did renegotiate better terms ???...
Before:
Leverage Ratio =< 2.50x
Fixed Charges Cover Ratio => 1.5x
Minimum Shareholders' Funds => $500 million
Now:
Leverage Ratio ≤ 2.25x
Fixed Charges Cover Ratio (0 - 6 months) ≥ 1.40x
Fixed Charges Cover Ratio (7 - 18 months) ≥ 1.45x
Fixed Charges Cover Ratio (19 - 30 months) ≥ 1.50x
Minimum Shareholders' Funds ≥ $400 million
Ann: FY2018 Results and Refinancing - Release and Presentation, page-35
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Last
60.0¢ |
Change
-0.015(2.44%) |
Mkt cap ! $1.036B | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 60.0¢ | $16.61M | 27.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 2196860 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 39085 | 5 |
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| MYR (ASX) Chart |