Ann: Trading Halt, page-35

No harm in having the biggest debt facility you get offered. In theory it’s a facility you can utilise at will, you only pay interest on what you currently use. However, clearly Senex no longer require as large a facility as originally mooted, as they don’t have to build the $140m downstream infrastructure that Jemena have agreed to provide for Project Atlas. Still, if EIG are game, why not set it up to the max? US$300m /A$400m is sure to come in handy at some point...
More interesting for me is whether EIG have further ambitions for SXY than a 12% stake. They have had no luck elsewhere, no deal on STO. I think they need to move now, otherwise they run the risk of someone else doing so.