BLK Fundamentals vs. others, page-14

@Hiddenvalue, I think what Arlington's are saying is that BLK made the necessary repayments before the 21/12/19 deadline (i.e. ahead of schedule) & that in their estimation, the WCF balance @ 31/12/19 was a whisker under $12m at 31/12/19 to eliminate the $750k penalty fee. Arlington's also mention a $950k facility fee that has been capitalised : that would be the fee that BLK incurred when the WCF limit was increased from $12m to $19m. The bold type on page (17) in their report seems pretty reasonable in suggesting A$13.5m is due to be paid down on the WCF between 01/01/20 - 29/02/20.