GREY:LSTMF - Post by User
Comment by
alertmeippon Jul 02, 2015 9:02pm
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Post# 23888254
RE:RE:RE:Lightstream Announces $90 Million Debt Reduction
RE:RE:RE:Lightstream Announces $90 Million Debt ReductionThere were no liquidity to do the buyback. Now they have.
They reduced the debt by 90 millions by doing the swap. Rate is higher, yes but that makes sense.
And now they have almost 400m liquidity.
They could use some of it to buy back additional bond at 60 cents per dollar.
When this is all said and done, they would potentially shed 200m from their debt and save interest payment along the way.