GREY:BXEFF - Post by User
Post by
RichyRich$on Jan 11, 2019 3:35am
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Post# 29216696
BXE Debts Well Bellow Financial Covenants (From Q3 2108 Rep)
BXE Debts Well Bellow Financial Covenants (From Q3 2108 Rep)WELL BELLOW FINANCIAL COVENANTS MEANS THE DEBTS SHALL BE EXTENDED PAST 2020. See from the Q3 2018 Report if you even read it. Lol................................................For the quarter ended September 30, 2018, Bellatrixs Senior Debt to EBITDA (as defined in the MD&A) ratio was 2.78 times, well below the financial covenant of 5.0 times as permitted by the agreement governing the Credit Facilities and Bellatrix's First Lien Debt to EBITDA (as defined in the MD&A) ratio was 1.24 times, well below the financial covenant of 3.0 times as permitted by the agreement governing the Credit Facilities.