Haha way to sound informed Timber
It was already known that the CS loan facility was fully drawn (item 3.2 on the last cashflow statement) and logically it was impossible that the hedge could have paid off the loan, otherwise the hedge value when the loan was drawn would have been worth ~12mil. Don't think anyone gives away a free 12mil asset on a tiny 25mil loan.
Haha way to sound informed TimberIt was already known that the...
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