That's the message they are selling. Their new debt facilities are certainly far more flexible , but the banks seem much happier to reduce their risk/exposure and let a finance company and a factoring firm take it on. So I agree debt reduction is still on the agenda for this year. as the life vest may have stopped leaking air but the man overboard hasn't been pulled from the sea yet.
Ann: Full Year Results - Investor Presentation-BOL.AX, page-3
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