The terms of the Mezz debt are as yet confidential. Macquarie will also get their pound of flesh I've never seen it otherwise. Having said that they are syndicating it rather than taking it on their own which s a positive. Also, there will be a time frame in the agreement. I doubt ATC would have gone for it otherwise. It's progress and shows how tough it is for a chemical/mining co to get finance in Aust versus say a tech house in the US.
In the end, we're still on plan A or A(ii) not plan B.
From the way it's come out I suspect Iggy wanted to announce it at Noosa yesterday. just didn't quite make it.
You get that.
Ann: Altech Appoints Macquarie Bank as Mezzanine Debt Arranger, page-8
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