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The company has reported it has deferred the repayment of its debt facility with the Commonwealth Bank by three months from December 31, during which time a revised business plan will be submitted and agreed with the bank. During the past year, debt under the facility has been reduced from $112 million to $82 million.
"It is believed that this three-month deferment by the bank will contribute to the company being able to maximise value, resulting from any refinancing or disposal of assets," the company said.
