SGR Shorts Position dropping, page-66

So big tick payments this year are (on the assumption we successfully refinance our debt):

	General Capex guidence	120
1	JV contributions (QWB and GC Tower)	160
2	Austrac	150
3
4	Total	434

Proceeds from the sale of Sheraton Hotel will cover c. $175m after costs so there will be a funding gap of say $250m, which I personally dont think they will be able to reliably fund from operational FCF.

So it will end up being a debt drawdown which may be too much leverage to handle for a business generating c. $300m EBITDA. Could the funding come from another cap raise? Or share issue to the debt funder as part of the refinancing?

Thoughts on the funding gap I have outlined above appreciated