The refi costs were laid out in the half year accounts 17 February. The pro-forma estimated these at $76m, so it came in just under. This is the price - a very steep one.
IFN BoD will have canvassed all the refi options available. Here is why it took from the capital raise in May last year until now to agree terms.
The old Global Facility that trapped IFN for all these years - courtesy Babcock & Brown - is gone. IFN is now master of its own destiny. Let's see what it does with it.
Ash
IFN Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
