Ann: Re-domiciliation - ASX LR 10.1. Waiver - US Debt Pushdown, page-10

But haven't they always had security?

A takeover by default would be scorched earth kind of stuff...every contract would be null and void. I can't see what it'd achieve.

I still reckon its tax....take from AU entity where there are probably endless tax losses that can never be utilised and move to favourable US state. If it just moving some debt from one interco to another, seems full of jargon.

But this highlights the ongoing complication with the company, who knows what/who's intentions they're serving?