IOOF  | Annual Report 2012 page 121 The Directors are not aware of any other event or circumstance since the end of the financial year not otherwise dealt with in this report  or the consolidated financial report that has or may significantly affect the operations of the consolidated entity, the results of those  operations or the state of affairs of the consolidated entity in subsequent financial years. If such a facility is entered into, IOOF intends to draw down from that facility all amounts as are required to satisfy IOOF’s obligations to  pay the Offer Amount together with amounts required to cover all transaction costs associated with the Offer.  Under the intended Debt Facility, IOOF will seek funding up to $50 million for the purpose of funding the acquisition of Plan B Shares  pursuant to the terms of the Offer, as well as all related transaction costs. IOOF will seek to enter into a Debt Facility with a suitable financial institution before or during the Offer Period. A suitable financial  institution is one which has a suitable credit rating and significant experience in provision of credit to Australian corporate entities. On 13 July 2012, the Company announced that the Company and Plan B Group Holdings Limited (Plan B) had entered into a Bid  Implementation Deed under which the Company, through a wholly owned subsidiary, proposes to acquire all of the ordinary shares  in Plan B. Under the terms of the Bid Implementation Deed, the Company has agreed to pay $0.60 cash per Plan B share. The deed is  subject to Plan B shareholder approval and as a result, no amounts have been recognised in the profit or loss or financial position of the  Group at balance date. If accepted, the total consideration payable to shareholders is estimated at $49.1 million. 41 Subsequent events