Looks touch-and-go to me. Worrying to have to revisit facilities again after having only restructured them in Feb-15. In this situation switching from an unsecured to secured facility only makes sense.
The use of 'refinance' in the statement is the worrying part. Does that mean agreeing a repayment schedule or telling HIL they need to find another banker by the end of Feb-16? Seems unclear to me.
Looks touch-and-go to me. Worrying to have to revisit facilities...
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