"Additionally, there is significant uncertainty in relation to the ongoing availability of the ABL Facility which is dependent on the Company’s ability to obtain further waivers or deferment for the financial covenants test periods beyond May 31, 2025, and the maintenance of the Cash Balance Covenant, or the Company’s ability to amend or replace the ABL Facility on favorable terms or at all." "We haven't heard anything about a further waiver to the covenants test period beyond May 31, and the only thing thats been rumoured is Sev.en buying up the debt to basically call in the debt."
Have we heard on whether CRN has been able to gain a waiver/deferment for the upcoming may 31? Or heard when we can expect to see an announcement, which i imagine will be extremely price sensitive... Or will the big day be the AGM on 4th of June?
CRN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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