The first question any suitors will ask is 'What is your true...

The first question any suitors will ask is 'What is your true position'. ie your true debt levels as this is critical to ascertaining a takeover bid. Otherwise the only other real option is selling of assets individually where debt still remains CMPs concern not the buyer's.

Or they are able to refinance. It appears from this announcement that the refinancing option is not viable in its current form.