MEL 25.0% 0.5¢ metgasco ltd

Ann: Loan Note Update - Keybridge, page-6

  1. MTV
    1,751 Posts.
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    "KBC /Glennon looks like a joint facility"

    Yes, but it would seem from recent events and the following statement from the AGM presentation:

    https://hotcopper.com.au/data/attachments/5835/5835127-faa0d2bed7f11b7e501987e4bc735e0d.jpg

    that the two lenders can act independently. It may even be possible for Glennon to 'pick up the slack' under the terms of the existing agreement.
 
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