good news imo, page-2

Good that they've finalised on the DDR exit and cost only 0.8% lease rate across the portfolio, but I wonder how much the extension to August for refinance would cost the company.

Also, 2 breach of covenants will occur and they've got to stump up more cash/asset sales to cover, and these aren't small amounts either.

Anyone know about state of those ex-Mervyn properties (pretty much the whole lot's empty), if these were part of that deal?