Ann: US$100m Non-Recourse Debt Facility to Fund D, page-7

re: Ann: US$100m Non-Recourse Debt Facility t... The reaction to these good news has been very muted by the market.

But I believe this wont last long.

These is a of confidence on the provider behalf to fund PYM with $100M loan. secured only against the subsidiary.

Took an initial position at these levels, and might add later on any weakness.

Doing some quick reading, This is undervalued!, but it might take some weeks to start unlocking the potential.