"Due to the commissioning issues and delays at Mount Signal 2, NEW needed some additional short-term working capital and unfortunately this was being negotiated just as COVID-19 restrictions were significantly impacting on debt markets – debt was difficult to obtain and expensive. While still challenging, debt markets have improved since then and we are currently in the process of refinancing our corporate debt, including this facility."
NEW Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
