If the coy's revenue guidance is to be relied upon, I don't even think those things matter (although the sale of some unproductive assets may be beneficial). The price they will fetch for various assets will be fire sale prices. Of course some further cost cutting / improving margins will also be beneficial.
But with the status quo, if current year revenue comes in at a $800m (a conservative estimate from what I've heard/read), their free cash flow will be sufficient to retire enough debt over the next year to meet their covenants. Of course, that's only one year's visibility and many shareholders want a longer term view, particularly when it comes to dividends.
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