GREY:FTPLF - Post by User
Comment by
nkbourbakion May 18, 2019 12:08pm
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Post# 29758247
RE:RE:RE:This is the crucial part!
RE:RE:RE:This is the crucial part!Contrarian333 wrote: sweeter scenario for equity.
The 9.75% rate on the debs was demanded by the market in the fall. Operating conditions have deteriorated since then. Why do you think they'll be able to term out more debt on substantially better terms so as to pay these off?
On the call they suggested they can access some more cash in the near term. I hope they're correct. I just can't see this unfolding the way you describe.