HIL 0.00% 14.5¢ hills limited

Ann: Hills Updates Financing Facilities, page-34

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  1. 1,692 Posts.
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    For the record I had a sell rating on DSH for the last 5 or 6 weeks. I also encouraged others to sell.

    Hil and DSH are totally different companies and not in the same situation. DSH owes $400 mil, Hill has total $100mil owed to suppliers including debt(based on the current historical). All these companies relying on suppliers owe them large sums at any one time. This is a normal situation.

    DSH owes 75% more. an extra $300 million.

    The debt restructure is an undrawn facility not a current debt.
 
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