AJL aj lucas group limited

Ann: AJ Lucas Completes refinacing, page-3

  1. 240 Posts.
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    The good news is the 2 year extension to the loans so AJL is not bankrupt.

    You are right that the interest rate on the loan from Kerogen has only reduced from 18% to 17%. The debt is about A$90 million so this could save AJL about $0.9 million per year.

    The senior loan from Balmain at 12% has increased its limit. The extra funds received were used to fully repay the $13 million junior facility with HSBC at 18%. The could save the company another $0.8 million per year.


 
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