Go and look at other convertible debt notes @FreeFromStyle...

Go and look at other convertible debt notes @FreeFromStyle Perhaps another stock you actually own that you will recall had a load of them and rather rescued itself using them to take itself towards positive cash flow and recently ASX200 inclusion with a hefty $3.7 billion mkt cap.

OSX have not drawn down on the debt, and they may likely not. It is just a debt facility. This is all part and parcel this end of the market cap scale. it is better they have lease have the facility in place than not. It provides (a little expensively) debt options to the company SHOULD they need them.