RE:RE:RE:RE:Everyone knows Managment is trying to get something done..Good point Lattice, their poor ratings will follow them in the years ahead if they continue on that path. Also, what makes anyone believe that they could refinance on betters terms in the future ? Look at the status of the economy now...it's weak and unproductive and bond yields are at a low. When the interest rates are pushed higher, and spreads widen, nobody will give a pass to the likes of CXR, only the most solid companies will have access to capital.
LaticeInExile wrote: The problem is that they had a hard time selling their debt in Sept 2015. They came up $98million short back then and peole actually believed their stock promotion. So what makes you think that they can just easily "refinance and renogotiating terms" Who is going to risk that. Their bonds are Junk status now.
Next UP .... pWc CCAA. KnowledgeSeekr8 wrote: Why are so many people talking about debt obligations in 2021. You realize that is 5 years away and any number of a 1000 things can happen between now and then including renegotiating their debt terms and getting it refinanced. The company has 4 years to get their act in order and show the banks that they have strong cash flows and can handle whatever debt is left by then and refinance it?? What is the problem?