Nick - the bankers have set their minimum conditions. That is not to say that any or all of the 'downside' provisions of the agreement will come into effect - particularly if SGH's performance exceeds the projections provided which, given the attention paid by the banks' accountants throughout, are likely to be conservatively achievable.
just my view
Ann: SGH Successfully Agrees Bank Facility Amendments-SGH.AX, page-68
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