The way I read it, the proposed debt is for working capital rather than capex. This is a good thing as it's effectively user-pays (line fees notwithstanding), thus keeping interest costs down to a minimum.
As for the tax dispute, I'd completely forgotten about that (and assumed Mr Market had done the same). Goes to show how much of a nothingburger that is.
All IMO. DYOR. GLTAH.