SVR 0.41% $1.24 solvar limited

Ann: Market Update and FY24 trading conditions, page-59

  1. 256 Posts.
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    One question I have that maybe someone with knowledge of corporate financing could answer: is the significant share price fall potentially a concern in terms of loan covenants? We might have the cashflow to continuing servicing our debt, but unlike personal/home loans I think corporate loans usually have ongoing covenants tied to SP/equity somewhat akin to margin loans? Well we just lost ~30% of our equity, would we be likely to face any risk of losing access to credit and/or be forced into distressed selling of some of our loan book?

    Last edited by cpetersen: 10/08/23
 
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