BKN 0.00% $3.24 bradken limited

Ann: Bradken Investor Update, page-13

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    Correction: Those previous calcs were based on 2x recent U ebitda - but I would assume the covenant is based on u EBITDA = 63.8 (h2 15)+52 = 115.8. Net debt at $320m makes the leverage ratio 2.8x Which is under 3. So six months breathing space til the next test maybe.
    Last edited by CaptainBarnacles: 22/01/16
 
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