GREY:PEYTF - Post by User
Post by
gvixidon Oct 04, 2015 9:39am
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Post# 24161221
Questions
QuestionsI know its all speculation at this point, but what do you think of the following: 1) Assuming the loan has now been converted to a term loan, as mentioned by posters here, how can Parallel hope to pay it back in its entirety by Sept 2016?...they can't, and the lenders know this, so why string this out?...its in no one's interest for the company to default... They have never missed an interest payment, so by that logic it makes sense for the banks to provide workable terms and continue collecting interest until commodity prices recover 2) if no agreement is reached with the current syndicate of lenders, can Parallel seek a deal with a different syndicate? 3) could the delay in reaching an agreement on terms be related to the ongoing strategic review?...are the banks waiting for an asset sale or some other sign of significant debt reduction before renewing the loan? Intelligent comments appreciated