Have you noticed once you have a fair bit of the facts how much the press gets it wrong. This is press writing press off other newspapers articles.
NAB debt is LLA debt which is subject to refinance in the Artic deal OCV like a good mum or dad guaranteed part of the loan.
I would assume NAB have to go through a process first on the underlying security before they can come back on the guarantee.
The 65% of Stella is settled and thats why they have cash at the bank.
The 35% is reference to financials that talked about the sale of the residual 35%.
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