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It faced an existential threat in 2020 when the COVID-19 pandemic crushed oil rates. A government-backed loan served sustain it and as rates rebounded, Bonterra repaid the bank loan, together with C£a hundred and fifty million in financial debt over the previous calendar year as of your 3rd quarter.
"It has been a radical transformation of stability sheets over the last few decades, an awesome turnaround from where we have been," Oliver stated.
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