According to what Dick said during the AGM:
Since April, Wesfarmers had refinanced more than $6 billion of debt including $800 million in the past two weeks, Mr Goyder said.
``This leaves less than $150 million that needs to be refinanced by 30 June 2009.''
He said Wesfarmers had $2.2 billion of debt due by December 2009, a standard revolving capital facility, and $5 billion due in October 2010.
Mr Goyder said discussions were well advanced to refinance remaining debt.
http://www.news.com.au/perthnow/story/0,21598,24647717-951,00.html
So the $20 billion in debt needs to be put in perspective.
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$83.12 |
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Mkt cap ! $94.54B | |||
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