Debt is definitely not convertible.
https://www.asx.com.au/asxpdf/20180314/pdf/43sdt9b54g5lh6.pdf
A snippet from this announcement
Note how they differentiate between Mezzanine and Convertible bonds/notes.
And from:
https://www.asx.com.au/asxpdf/20180511/pdf/43tyk483bbz2y4.pdf
‘Vanilla Mezzanine’ is the mezzanine loan without any other fancy features.
If still not 100% convinced contact Shane, CFO at Altech. He's a nice guy who would be very happy to confirm.
Ann: Trading Halt, page-17
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