'Sojitz facility The principal must be repaid in five equal...

'Sojitz facility
The principal must be repaid in five equal installments with the first principal repayment scheduled on March 31, 2015, and the last principal repayment scheduled on March 31, 2017.'

225 / 5 = $45m per payment.
March 2015 - $45m
Sep 2015 - $45m
March 2016 - $45m
Sep 2016 - $45m
March 2017 - $45m

'There is also a requirement to pay withholding tax on this interest.' = this increases the current interest rate to about 7%

'Mt Kellet
On July 25, 2016, the Company must redeem all Convertible Bonds held by bondholders that have not otherwise been redeemed or converted by paying the relevant redemption amount to each bondholder.'

If the SP is not above $1.15 by July 2016 then $225m is payable to Mt Kellet, and $135m to Sojitz, and another $90m payable to Sojitx within 12 months.

Current interest rates means about $20m PA in interest costs.

IMO - LYC may not be able to service the repayments of $360M in July 2016 with current BP and COP.