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haro87

204 Posts.

14/06/17

15:44

Post #: 25271892
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Originally posted by oxxa23 ↑

Hi Haro,

definitely think we will see the $7.5m debt refinanced at some stage. I don't know this is new debt, it may be the original lender that let us down with Indue. It has never been indicated either way, but, assume this is the case as there was very little time between Indue and this settlement. If it is, I would guess it would be refinanced soon enough.

Also, it is currently only drawn to $4-$4.5m I would guess, being the Fast Cash acquisition plus possible costs.... So not paying 15% on the full facility unless we draw more down, it would only be on the drawn loan balance.

Cheers

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Ox

Fully aware that we would only be paying the outstanding amount. I knew that it was a high interest rate from Todd not mentioning it during the acquisition. Hope it is refinanced back down to around 10%in the near future.

STL Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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