Big 4 lenders I deal with are loathe to pull the rug at present,...

Big 4 lenders I deal with are loathe to pull the rug at present, unless the fundamentals make it absolutely impossible for the business to return to profit.

SIL would potentially have some ‘management capability’ points with the lender, given the background of the new CEO and CFO. Alternatively, mgt (or their advisers) have a really strong relationship with their business banker.