kacy
theres so much spin in the announcement that its difficult to work it out.
with regards your debt calculation however, the only real reduction is the $247M coming in from Morgan Stanley. the rest is just swapping debt in ABS for debt in the JV, so ABCs use of the term NET Debt reduction is misleading.
ABS
a.b.c. learning centres limited
short selling same old storey, page-16
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