Regarding their financing they have amended their agreement, from document:
2014-03-31-CPT-Annual-Information-Form-Dec.-31-2013.pdf
page: 8
"...In addition, the amended terms of the EIG Facility provide for compensation ranging between US$7 million to US$12 million that will be payable to EIG in the event that EIG sizes the debt below US$250 million or not at all, and either EIG or Coalspur withdraws from the Facility prior to any further draw down of the Facility (which is now permissible under the revised terms). If EIG sizes the debt over US$250 million, the make whole provisions of the original agreement remain unchanged."
So it seems to me EIG wants to lend them min. 250mil.
When I asked Rayan why wouldn't they borrow the whole amount from EIG eg. 500mil he told me that they have other (better) financing alternatives.
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