Ann: Corporate Finance Facilities Renewal , page-3

Maybe a short term boost. But they need to perform financially - which they haven't to date.

Lets be honest. Westpac has how many options? Not extend, send in an administrator, and write off most of their debt, or extend for a period, price for risk, and try to get some money back.

I notice no mention in the announcement of loan term (I'm guessing will still be current debt - so 12 month approval or less) or conditions.

Also, impossible to reconcile the debt stated in the half year balance sheet with the amounts stated here.

MJS