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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by visionaryfoolon Jul 27, 2016 4:20pm
512 Views
Post# 25090042

Some thoughts on debt...

Some thoughts on debt...I'm reading the Q1 2016 statements again and on Note 11 noticed that of their total debt, only $1.1B USD term loans and 500M GBP term loans (translated they're at $685M USD and total ~$1.8B) are subject to principal repayments prior to maturity out of the total long-term debt of $3.3B. The rest of the term loans for $1.5B are actually interest only until maturity of 2022 and 2023. So what does this mean? They need to make the interest payments on the $1.5B which is ~$126M annually until 2022 and 2023. They need to pay back the other $1.8B by 2021.

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