Post by
leo101 on Sep 16, 2016 11:03pm
7.875%
that's a pretty high cost of money in this low rate environment. are really going follow through with these unsecured notes or is this just part of doug's negotiating?
Comment by
Kherson on Sep 17, 2016 8:35am
Keep in mind that the syndicate offering the $110 million of unsecured notes on Canexus's behalf are also the same banks who are owed the $75 million term loan, due in May 2017. I suspect that part of the extra $35 million will be used to payoff SPB concerning the failed Merger and it's subsequent lawsuit. Kherson