"The forecast half-year result will likely result in Savcor being in breach of two of its debt covenants. An event of breach provides Savcor’s bankers the right to call the Company’s debt facilities for repayment unless a waiver is granted. Savcor has entered into discussions with its bankers with the objective of ensuring any potential breaches are satisfactorily resolved."
So there's a possible bankruptcy due to debt default on the cards = panic selling
