@PioupiouOk, but CLH's debt is being forgiven. I read the CLH...

@Pioupiou

Ok, but CLH's debt is being forgiven. I read the CLH announcement, and nothing about massive dillution which would normally accompany a recap like this. It mentions 12m for book, then 7.5m paid back for the CCP sourced working capital facility, leaving 4.5m applied to loan balance that is to be acquired by CCP. Did CCP buy the 52m debt from lenders effectively for 4.5m???

"CreditCorp has simultaneously agreed to acquire substantially all of CLH’s outstanding senior debt – approximately A$52 million (the "Acquired Senior Debt") from the Company’s existing lenders, and has agreed to a standstill on the repayment of the Acquired Senior Debt; and

Upon completion, the proceeds of the NZ PDL Transaction will be applied to repay the Working Capital Facility in full, and in part repayment of the Senior Debt. CreditCorp will then release the Company from the remaining balance of the Acquired Senior Debt."