I get that they did a major re finance.. cost them a bundle to do so and to close interest rate swaps related to previous finance (massive hit there, almost 45M lump sum )
So their debt is actually around the 670M, which comprises a fully drawn 525 ( loan 1) and the rest being the facility borrowed to construct the Boon* wind farm (loan 2) which is building a generating asset .. so tick that box
no where does it suggest the terms of new finance but I assume more favourable than the previous set up.. the upside being that they actually generate a fair bit of cash but have struggled to return it to shareholders or pay down debt but that may change now.. they certainly will not have a 45 M hole in their pocket FY19
This is all gleaned from both the FY18 Annual report combined with the Ann. in 18 re finance close on new debt refinance
What interested me greatly tho and caught me by surprise somewhat was the clear reference in the FY18 Annual report to ongoing discussions with the Brookfield group ..
very interesting...
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