Revolving credit facilityThey need to deal with this by April 30. Who will support them?
The maturity date of the senior secured revolving note facility (“Revolving Facility”) is April 30, 2021. As the maturity date is within 12 months from September 30, 2020, the total outstanding amount under the facility is classified under current liabilities as at September 30, 2020. As of September 30, 2020, PPR had US$56.8 million (December 31, 2019 – US$57.6 million) of borrowings drawn against the US$60.0 million Revolving Facility, including US$30.0 million of CAD denominated borrowing