I would love to see only the 2.5M equity to Macq, but the way it is worded ??
"as part of the equity raise Macq has agreed to particpate 2.5M ... "
Its only a thought but I was thinking perhaps Macq receives some bulk debt repayment from a CR eg 10M, before they agreed to refinance out over a longer term. And/or is some of the hedge unwound (which would incur a cost), rather than just pushed out
Hope not
PS: @plough Dazed pointed me in the right direction for the info so he should get the kudos, I just posted it
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