RE:RE:RE:NB Note Feb 8 (this is from before the conf call)Not even sure NBF knows which country the cash is held in but certainly has no idea why! And why doesn't he even mention buying all bonds back with the cash and why the co needs to do so. He isn't connecting the dots.
I bet they could get 50mm of the 2nd Liens in at 90 again. That is a 5mm discount to the Excss CF Sweep but 8.5mm discount to the call at 107. And any take-out helps get them closer to removing restrictive covenants and obvioulsy increases FCF due to lower cash interest exp. I bet they do a tender now and then again in March/April.