OTCPK:JENGQ - Post by User
Comment by
Copperrunon Jan 02, 2021 1:02pm
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Post# 32209552
RE:tic tic ππ
RE:tic tic ππThey removed $282 million debt in just 6 months, I would assume they would have aroynd $300 million debt left in Q3 or less. Balance sheet, unlevered cash flow and liquidity The Company has $138 million of total liquidity available as at September 30, 2020. The liquidity is made up of cash and cash equivalents of $78 million and available capacity of $60 million under its senior secured credit facility. Total debt decreased to $500 million as at September 30, 2020 from $782 million as at March 31, 2020 as a result of the completion of the Recapitalization transaction. Unlevered free cash flow of $53 million for the six months ended September 30, 2020 compared to $102 million for the six months ended September 30, 2019 driven by $30 million of Recapitalization and restructuring costs and paying down of certain extended supplier payables.