LLP advised that is has finalised commercial negotiations with its bank and LLC regarding the terms of a waiver in respect of an interest coverage covenant breach for the period ending 30 June 2009. The waiver involves relaxation of the facility limit and interest coverage requirements. LLP is substantially under the 50% leverage covenant and will use pipelines asset sales to reduce debt to below $350M by June2010. LLP did not disclose the additional costs required to obtain the waiver.
Aegis Daily Research Update - 21 September 2009
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Last
$5.43 |
Change
-0.010(0.18%) |
Mkt cap ! $3.747B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.43 | $5.784M | 1.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 214 | $5.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.00 | 25740 | 1 |
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| Last trade - 15.59pm 12/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |