This is the only part of the HYR that is worth reading. The rest is still unknown BS.
Does this make you happy now EWO??
The current liability position includes $412 million of payables to Slipform Engineering International (H.K.) Ltd and subsidiary companies, including PT Slipform Indonesia (the “Slipform entities”), for contracts related to projects under construction. On 27 February 2017 the Company agreed a term sheet with the Slipform entities to convert the amounts due to a 7-year term loan effective from 1 July 2017, with repayments of principal commencing 1 January 2020. The term sheet was agreed to in order to allow the Company to meet its debts as and when they fall due, to provide time for the Company to complete and commission its assets under construction and to secure additional sources of funding via project debt financing and or other means. The Company expects to finalise the Slipform loan agreement within the coming months.
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