Ann: RFG Extends Debt Facilities, page-11

Plenty of issues and challenges for RFG but Bank debt is not one of them. Interest cover 'ICR' and sustainability if the ICR not questionable unless of course they borrowed much much more. The 7-11 business turnaround in the last 6 to 12 makes months us what RFG will emulate. Is. Although , unlike 7-11 we haven't heard any evidence of payroll or other compliance breaches yet. Just hard luck stories, but where there is smoke there could be fire? Banks would have gone looking for fire though in their extension of facilities. Mustn't have found anything which is a confidence boost for investors. Why would they extend debt now rather than wait for Deloitte review to be finalised?