The 6% portion is very very small in the scope of overall loan. Either the loan will need to be repaid quickly, or the margin increase to 3% to cover for the 2.15% margin on the note. When it comes to refinance, Either ways, default is the key. If there is not much default. Then MXQ equity will be preserve.
Talking of repayment, RRT is selling the ASX building. That should be $100m back to MXQ already. Enough to pay out deferred margin and keep up with other interest payment.
The 6% portion is very very small in the scope of overall loan....
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