Klogg
You keep on mentioning covenants on credit facilities and you only need to look at their balance sheet to understand that they are not even close to having issues with their loan facilities.
Their borrowings are less than 50% of their PDL balances so you would have to reduce their PDL book in half before they get into a serious issue, and then they have continued to mentioned that they have the option with Balbec for up to 100m so AGAIN there is no issue with credit.
Yes this company has many other issues, but not an issue with its lenders.
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KloggYou keep on mentioning covenants on credit facilities and...
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