$10.9m is the PFG Revolving line of credit. It will go up and down and it will not need to be zero within 10 months. Also I am not sure about the $5.2m term loans with PFG. PFG has subsequently waived certain requirements.
As of 30 June 2021, the Group’s term loans with PFG were classified as a non-current liability due to the expiry of the term loan in May 2024. During the half year ended 31 December 2021, the Group failed to meet certain requirements under the PFG term loans’ financial covenants (which PFG has subsequently waived), resulting in the term loan outstanding balance being classified as a current liability.
BUD Price at posting:
0.8¢ Sentiment: None Disclosure: Held
