RE:RE:RE:RE:RE:RE:RE:Every week CXR debt seems to go up 1 Billion LOLRodneyCameron wrote: MrHulot wrote: You forgot the $400 million cash on hand as of Dec 31
Oh no I didn't. How much do you think they have on hand now? They used a big hunk of that for the Cinven earnout -+ $120 million ncluding an 8% penalty because they deferred half of the payment. And how much do you think Oberman got paid as a sign on bonus that will be shunted to Q1? And how much for the FI advisers? Oh and the lawyers that are defending their class action suit against the company and against Thompson, Kreppner, Borkowski and 2 others for misleading mistatements? Oh so sad that they had to get rid of the company jet that flew them to the Barbados, eh?
13.5 million to the secureds.
37.5 million to the unsecured 2022s
27.25 million to the unsecured 2023s
All paid in April....................
Secured noteholders will be owning this company towards the year end !