Post by
CoPilot99 on Aug 22, 2023 7:10pm
Can they restructure any of the debt?
Last week they purchased $5 mil of their 11.95 % unsecured debt. More progress in the right direction.
It was over subscribed at $72.5 mil tendered. Is it possible to somehow restructure this debt at better terms? Get a lower rate loan to buy this higher rate debt that was over subscribed. Thanks for any opinions or expert knowledge.
Also thanks for the recent opinions. I am of similar opinion and holding long with the expectations of future dividends and higher oil prices.