RE:RE:AlstomNo, in reality they have $3.6B proceeds + $1.8B cash on hand. The Alstom shares are locked for only 90 days. You can't just pretend that money doesn't exist.
Repayment of 50% of outstandng balance on $1B credit facility is at the discretion of the lenders. As of Sept 30, 2020, the outstanding balance was $750M. It remains to be seen if HPS will demand their $375M at this time.
Your numbers totally ignore any EBIT for 2021.
BBD has the liquidity to handle its obligations through 2022. 2023 will be crunch time, with $1.25B bonds due, plus whatever balance is left on $1B credit facility (only 3 year term). In the interim, BBD must get to the point where it is consistently profitable so as to improve credit rating and obtain significantly lower rates on refinancing.
Jim
Shamhorish wrote: Micmar i hope you are right but as i see the debt is 10.1 billion, BA gets 3.6B (-600million it will get as Alstom shares cashable in 3 month)
so in reality today they have 3B + any cash at hand (which can not bs used to pay debt as bbd need it for operation)
how do you see bbd dealing with those coming debt payment
2021 1.483 billions + 500 million to new 1 billion facilty
so in 2021 must pay 1.983 million + interest on all other LTD (approx 600million/year)
so out of the 3b proceeds ba must pay approx 2.6B in 2021
bbd will end 2021 with 8.3B debt and approx S0.4Bleft from proceeds and interest payment of approx 600million/year those are the numbers unless i miss something
2022 1.700
2023 1.250
2024 1.000
2025 1.500
2026 115 millions
2027 2.000 billions
2028 250 millions
2034 250 millions