Ann: Extension of May 2009 Debt Facilities , page-5

My take is because this is not a fire sale, AIO has got better chances of negotiating a better deal for the business(s) on sale.

Note: In their ann today it is mentioned "....The total size of the combined facilities will also be reduced to approximately $170 million from the current level of $258 million......"


My take on above: A sale may have already been finalised on some business(s) and for the rest of business(s) AIO has got the extension which has reduced their refinance by $88 million

Good luck PEN'ers