It would appear the interest rates will be high and that the facility will need to begin drawing-down in April/May. No doubt this is why they have taken their time to ensure the best of the 'eye watering offers' is accepted.
100m is certainly a larger sum that what they indicated to get them to the 'transaction' in June. Its now full year requirements from now. They are no doubt factoring in all possible outcomes post-SPAC.
Lets see what they have to say tomorrow.
CBR Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
