ages away11 Mar 2020 09:24
The provision of an incremental £20m revolving credit facility which has been made available at the same time as the £50m* PIK note was issued, which is due for repayment on 9 December 2025.
2025 is ages away and the business of ESL has greatly improved in the interims
The main impairment was old goodwill - not even real cash outflow.
I guess the only issue is They might want to turn this into a investment company to join in deals with DBAY - might not be a bad thing cuz clearly DBAY are cashed up, can get access to funding and do big deals.