RE:Bank debt?Terrebonne wrote: Most MPVD followers seem to assume that the existing bank debt will be replaced by a renegotiated bank debt. Thinking a little bit outside the box, there are other sources of debt financing available. Just sayin'.
As Mac just explained, the debt is not the problem.
Simply put, we would be wanting financing to raise money to pay dividends. Pretty hard to get anybody to supply funds for that purpose. Other, of course, than the existing banks who would simply raise interest rates to get their piece of the cake, too.
The whole problem is the huge price disparity between what was expected when the loans were negotiated and what we are seeing now. Not sure whose fault that is, if anyone's.
At least, that's how I see it.