"Current lending arrangements with the Company’s senior lenders require, among other things, that the Company maintains an agreed Loan to Valuation Ratio, and a Rolling Leverage Ratio (total finance debt for the CLH group as a ratio of consolidated EBITDA of the CLH group). If changes to the Company’s operational strategies affect the accounting value of its PDL assets by deferring or reducing collection cashflows, that is likely to have an adverse impact on the Company's ability to meet the current terms and conditions of those lending arrangements"."The Company requests that the suspension continue until the commencement of trading on 17 March 2020 or until the release of an announcement regarding the matters referred to above, whichever is the earlier.
- Forums
- ASX - By Stock
- CLH
- Ann: Suspension from Official Quotation
Ann: Suspension from Official Quotation, page-6
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online