RAT 0.00% 0.9¢ rubicon america trust

NOT YEAR OF A RAT....FYI - Under the revisedwarehouse facility...

  1. 306 Posts.
    NOT YEAR OF A RAT....

    FYI -

    Under the revised
    warehouse facility agreement announced on 17 March 2008, a repayment totalling US$114
    million is required to be made on 15 August 2008. RAT will not be in a position to meet this
    repayment in full. While RAT is currently in discussions with CS regarding the restructuring
    of the terms of the debt, there can be no assurance that a successful outcome will be
    achieved.

    KIND REGARDS
 
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