TSX:CUS.DB.D - Post by User
Comment by
mo1975on Sep 13, 2016 3:03pm
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Post# 25232701
RE:RE:RE:unsecured notes
RE:RE:RE:unsecured notesthese notes to be guarantee by current and future subsidiaries... does anyone know who the current subsidiaries are???
so i look back at the last month or so...... replanning the credit facility to the tune of 400+ million
revolving credit of 75 million and now issuing 75 million of unsecured notes..... if that does not spell somoene who is badly in need of cash....as in cash flow..... who does.....so we push back the existing credit,,, organize to be able to borrow 75 and then issue note for another 75.... now you indegbted to the tune of 600 million or so you would need a net profit of 30 millions just to pay the interest..... and did nt they say they wanted to lower their debt by 100 millions for this year....looks like someone took the wrong side of a one way street...