RE: The bridge loan is done and update outWell, it's a nice chunk of change and should get em started by year end.
Looks like they are still targeting ~70% debt financing. I think they wanted ~$1.3B all in, so with 70%, that's ~$900MM debt. Need $750MM more to come. From the sounds of things, MOL is gonna sell part of the project, which at current share price, is far and away the preferable outcome.
The credit markets are ridiculous. All that so-called "smart money" losing hundreds of billions in financials. And all those "profits" they reported in '04, 05, '06 turned out to be figments of imagination from bespoke suited charlatans that paid themselves kingly bonuses. Got to love it. Shareholders get shafted into paying those huge salaries and bonuses and then a few years later get to be crushed by additional dilution as the same "top" management rushes out to shore up horrific balance sheets due to stunning losses from incompetent business practices. And now they pay themselves even bigger bonuses to "retain talent"...