The one thing KLL has on the SO4 issues, is they have much nicer lenders, and payment profiles.
SO4's big issue was the aggressive payment schedule and a leach lender in Taurus. This made seeking equity harder, as they need a huge equity injection to not just do the fixes but also to make the earlier segments of payments which the delay has forced, Taurus being uncompromising to move those dates at all.
NAIF and KfW Ipex won't be as ratty as Taurus who are aggressive leaches (just see the 12% interest on the SO4 loan).
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