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clock Created with Sketch. 24/07/24
10:51
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Originally posted by CDO22:
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To some extent, but the lender will not accept to keep lending to SPX if the net cash position is negative... That would be enforced through covenants in the documentation. And likely requires some repayment before it gets there, which is a serious problem. My guess is that they are already having that conversation because SPX is clearly not developing this business activity any more.
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If i am not wrong they would be moving from Traditional DW to new facility "Airplus"
(20min delay)