GREY:STPJF - Post by User
Comment by
Eyeinvestoron May 08, 2014 2:15pm
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RE:A non qualified crazy take on shareholder value
RE:A non qualified crazy take on shareholder value
We found another piece of the puzzle today in the MD and A , top of page 14. " At any time prior to the maturity date the company may prepay the term loan......."Prior to March 31 2015, the prepayment shall be accompanied by a make whole payment . From April 1 2015...103%, From April 1 2016....102% .....From April 1 2017....101% etc........"........and this is the really important bit "Upon change of control of the company the prepayment option is 102%."