I have just re-read again the following paragraph from the '...

I have just re-read again the following paragraph from the ' First half FY 16' results as published on 29-02-16

As at 31 December 2015 the Group remained in compliance with its financial covenants and continues to work co-operatively with its banking syndicate to amend the facilities. The Company has agreed to deliver an operating plan and restructure proposal to the banking syndicate and its financial advisers in March 2016. Agreement will be reached as to amendments, if any, which may be required to the facility by 30 April 2016. Facility maturity may be shortened to no earlier than 31 March 2017 if no agreement is reached.

Am I correct in interpreting this as to mean that the the company will work with the syndicate during March to amend the loan facility , and if that facility is amended then it will be done so by the 30th of April.
   But if no agreement is made then the loan facility will continue until at least 31st March 2017. ?

It strikes me that the interpretation of this paragraph is the key to the short term survival of the company, as I read and understand it no matter what happens in the interim the loan facility will remain in place till at least end of March 2017.
   Have I understood this correctly?