once refinance finalised, page-8

If you read the announcement, this sounds like OZL just wanting to consolidate debt (a good strategy).

1. The smaller facility WAS due 30 Nov but been extended to 31 Jan. (So no immediate issue here)
2. The larger facility has a first instalment due end December this year. (INSTALMENT)

OZL also states that they are trying to do this asap (Nov 30) However, "pursuent to their rights" under the facilities, they need a bit more time. It sounds like that the request for extension is part of the arrangement. So this doesn't really sound like a major consequence.

Could be wrong but I think the announcement is not that well worded.