No bbloff, you've go it the wrong way around. The company a;ways knew when the loans were due to roll over. It is extraordinarily negligent of senior management (and the board) to leave it to the last minute to confirm that they had on going facilities. It is normally done weeks in advance of the due date.
But this mob was "surprised' the night before the loans were due to expire. Yes, the night before!!
Management, not the banks, is culpable.
OZL Price at posting:
$4.95 Sentiment: Hold Disclosure: Held