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The maquarie loan facility is a non recourse debt attatched to...

  1. gerkin02
    708 Posts.
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    03/12/14
    06:38
    Post #: 14397360
    The maquarie loan facility is a non recourse debt attatched to the turner bayou project only.
    Therefore maquarie only have the ability to receive funds from that one project.
    Basically Pryme have walked away from turner bayou.
    So while the $7,816,000 maybe a paper debt, Maquarie have no ability to access prymes other funds.All the best.
    PYM Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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