A debt facility is a very tactful approach to paying down an...

A debt facility is a very tactful approach to paying down an existing liability without sacrificing OPEX which can be used to sustain income generating activities and improve BAU (Business as Usual) which is better for the bottom line. So in that it is a very good thing as they have in essence a line of credit and a better than market rate that they can use expand operations if needed or drawn down in case of a cashflow shortage.

It is akin to transferring a balance from one credit card to another with a more favorable rate and helps consolidate the accruing debt, so they don't have to tighten their belts and miss out on opportunities or put off growing the company because they used their operational expenditure to pay down a current liability. It is seen as a good thing as it shows that the debt facility owner has faith that GXY will be able to repay it's debts for the foreseeable future and it means it doesn't dilute equity for shareholders by doing a capital raise.