The fac is drawn to 110M with a scheduled run off down to 60M by June 2016 which they have been able to remove and replace with the ability to draw an extra 50M to repay the 80M of notes due at the same time.
To me it reads like they want their cake and to eat it too - be able to pay down or focus on field and draw to cover debt. Best of both worlds. IMO/DYOR.
The fac is drawn to 110M with a scheduled run off down to 60M by...
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