Hi Billbu,I would assume ML are looking at everything on a...

Hi Billbu,

I would assume ML are looking at everything on a proportional basis i.e. they would include the $518m corp debt plus all the proportional debt and proportional interest for DBP etc. which would give you a much higher debt overall and lower interest rate - more like the $1,650m to $1,700m amount

The $518m corporate facility was put in place in July 2008 I think and $259m was due to mature in Jan 2011 and $259m in Jan 2012 (Average July 2011) so not sure what would have happened back in January re extending this.

Blues234 - unfortuntately I think that Reuters report is just refering to the original $500m that was mentioned back late last year when the sale process kicked off and I don't think it is new info.