News: HZN Horizon Oil Enters Into A New Senior Debt Facility, page-5

If I recall correctly we got smashed 40% down to 6c when we lost access to the senior debt facility which triggered the infamous bond saga that lead to the imc borrowing option and ultimately the dilution. 

MS told me at the time the senior debt facility would eventually avail itself allowing them to rebalance their debt profile. I think management have done well here in light of a tough situation (remuneration aside).

this is a great show of confidence in HZN. Icbc a master stroke. WBC and ANZ have their own problems now with the banking royal commission, perceptions around their retail loan book and  impact on their growth through tougher lending regulation. IMO They are hungry for growth. This once hated sector may now be their saviour. Hzn has done well to put the fox in the hen house. A big fox.

I have no idea why this news does not bump us up 40% ironically to 20c.

dyor