They have just over a year's worth of money left but Warehouse Funders may get skittish and reduce the amount of receivables they are prepared to fund.
As receivables are circa 800 million a month if warehouse funders reduce the advance by 10 percent then they have to utilise $80 million of working capital to fund their own book.
This reduced life span by 3-4 months
But if global markets collapse the holders of the convertible notes may need to raise capital and may call in their loans and levy on the receivables book.
I would add this is pure speculation by myself as I'm not privy to the terms of the convertible notes
#BnplGoingToZero, page-493
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