MXQ 0.00% 2.3¢ max trust

it states that debt must be fully paid off before paying the...

  1. LZA
    1,858 Posts.
    it states that debt must be fully paid off before paying the deferred margin. now the legal maturity is 2039, so MXQ does not have to pay this until then, but they cant buy new assets or make dist. until deferred margin paid.
    however, if they pay the deferred margin NOW, it should be discounted to nett present value which would make it about half of face value. i think that is what the debt officer will negotiate.
 
watchlist Created with Sketch. Add MXQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.