Ann: Investor Presentation-CM8.AX, page-26

Q, as someone else said, companies have commercial in confidence discussions with lenders all the time. So I don't expect that to be a barrier to renegotiating their debt.

However, they will obviously not have full year results available to provide to potential lenders prior to June 30, even on a commercial in confidence basis, so if the company has stated it expects to conclude the refinancing by June 30 then it stands to reason that it would be on the basis of results to date as at the time the deal is done - i.e. obviously not EOFY results.

Logically, by extension, if the company has stated they expect to re-negotiate finance on better terms before June 30, then it must be that they expect to be able to secure better terms on the basis of pre June 30 results, whatever they look like.


Cheers, Sharks.