RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Financing - idealI just listened to the written question part of the CC and Dubuc mentioned that the 5%discount was about right...I was not the one who asked ......Not major but ,,,,
SPCEO1 wrote: I would like to think the price paid for the repurchased converts is not quite that high but you may be closer to the mark. Since the sellers now know the converts will be redeemed at par, they don't have much incentive to offer a big discount.
palinc2000 wrote: However the price paid is not 75.50 ...It is probably around 95 $...
palinc2000 wrote: OUPS MY BAD ...I thought Marathon was buying the Convert Smart move indeed
SORRY SORRY SORRY
palinc2000 wrote: I dont understand your comment...The transfer of ownership from one group to another has no impact on THTX Marathon "s financing makes the Convert much less risky of Default and Marathon will make a profit of 6 million but THTX still need to repay that 30 million
Does Marathon expect the SP to be over the Convert Price and participate in the equity?
Wino115 wrote: Then roughly buying $30mil principal will only cost around $24mil. Very smart use of proceeds. So there goes well over half the debt, half the interest for only $24 mil.
SPCEO1 wrote: Last trade was at $75.50
Wino115 wrote: Dies anyone know the current price of the convertible (as of yesterday)?
SPCEO1 wrote: If nothing else, it removes the overhang of another ONO from the stock. But will anyone even notice at this point? The stock should jump a lot on this deal because of the removed dilution overhang, the immediate benefit to cash flow over the next 2 years (maybe three years) and the backing of a major healthcare lender of TH's plans for the future.
palinc2000 wrote: Need to see the fine prints
tee time in 5 minutes will look thid afternoon
SPCEO1 wrote: My initial reaction is this is perfect. The opposite of the ONO and indicative of confidence in the future of TH. I will have a closer look later.