Re: Credit Increase
Usually renewing or increasing an existing credit facility is good news, in order to get approval the borrower had to provide current financial information not yet public. The other less likely reason would be that ACB has reached a critical cash shortage and the lenders choice is call the loan and admit they made a bad loan or provide enough additional cash to buy time. Since this credit facility has a first security position on all of ACB assets all they need for a loan like this is a firm source of repayment, The shelf offering already registered may be that source for by now some buyers have been found. This is all speculation,by an old commercial lending guy so donít assume I know anything. However, should that be close to accurate existing shareholders are about to have a new share price determined for them .