Listed companies when securing debt facilities almost always (1)...

Listed companies when securing debt facilities almost always (1) need them and (2) draw down the entire facility. Management wouldn't have specified the $ figure unless they knew they needed it, as they know the market wouldn't like it.

From an investment standpoint, you'd always would be better off assuming the same thing that banks assume when looking at your finances: if a debt facility exists, it is best to assume it will be used to its full extent when determine the creditworthiness of a company/individual.

That said, I'm in on this stock at $2.17.