I'm leaning more to the idea that the toxic loan will be replaced by much better financing, remember Veal said they are finally able to get the kind of financing the want, but the launch to canada, and the larger order to Korea have to be launched first. That would make more sense to me, rather then just paying it off completely.
Launching product internationally isn't a problem as they recieve 50% up front, this insures there is never a problem with production. When we look at expanding nationally in the US there seems to still be a 30-90 day pay. This financing would insure they can launch national retailers, so refinancing this note would make more sense to me. IMO.