Merrill reports the $459m M2 refinance has now been completed... restructured into $465m facility split $280m 3 year and $185m 5 yr at +240bp and +320bp respective.
Good terms so no material impact on fcf, and eliminates risk TCL having to contribute furhter equity to M2.
Next is the $516m M1 debt due Nov'09... limited risk imo as they clearly have the support of their banks.
Merrill reports the $459m M2 refinance has now been completed......
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Last
$13.55 |
Change
-0.085(0.62%) |
Mkt cap ! $42.08B | |||
| Open | High | Low | Value | Volume |
| $13.61 | $13.67 | $13.52 | $28.99M | 2.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 7854 | $13.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.55 | 15314 | 17 |
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| Last trade - 12.40pm 22/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |