Support from: 62% of TLB owners, 81% of RCF holders and 100% of ECF
With this, cash outflow from 2020-2022 has been reduced by USD ~275m
No maturity before 2024 – except from RCF step down in sept 2022
Clearly positive – fundamentals however continues to worsen
25 Sep 2020
Agreement with principle lenders – Positive
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Agreement with principle lenders – Positive
Support from: 62% of TLB owners, 81% of RCF holders and 100% of ECF
With this, cash outflow from 2020-2022 has been reduced by USD ~275m
No maturity before 2024 – except from RCF step down in sept 2022
Clearly positive – fundamentals however continues to worsen