two questions

I wonder if someone here might have some thought about a couple of things.

First of all, the bank has granted VMG a waiver on it's debt commitment on the condition that they raise additional capital and sell property. Is this the sort of thing the bank would do because it believes the capital raising and property sale will work? Or are they just trying to keep the company afloat so they will be able to have their debts repaid. (Or both?)

Second, the prospectus indicates that this capital raising is not underwritten. Patersons Securities have taken on the role of lead manager in return for 5% of the value raised. Is it unusual for a capital raising to have no underwriter?