I note that they're looking to establish a three year extension...

I note that they're looking to establish a three year extension to working capital facility to be negotiated prior to the 31 January 2011.

If they pull it off, it'll be like GJT, without hopefully the horrendous mezzanine rates.

Again, imho only, I don't see a reason why RBS would pull the rug under if they can still have a positive ICR over 1. The only (understatement) risk RBS has would be if NOI drops further due to deteriorating conditions for Europe retail (specifically in the areas AEZ is in). For that, we would need to keep our eyes pinned on the sensationalism of our global press and tweets from journo wannabes in Europe.