Post by
JCSunsfan on Apr 23, 2024 1:19pm
Regarding the Notes
Facts about the notes.
1. Refi's the $400 million that would come due in 2026. Removes uncertainty.
2. Good rate given the spike in recent weeks.
3. The extra $100 million will be used in place of two other debt instruments (not in addition to). The revolving LOC and the yet undrawn So Gen funds. Both of those are a higher rates than the bonds.
4. So, it will not add more overall debt. However the availability of those two debt instruments still stands as a safety net.
5. If it were just Gibraltar, the debt on this company is a bit high. Add Florence and it is just fine.
Comment by
nofluff on Apr 23, 2024 2:55pm
I ran your post by Chantelle. I asked what she thought. She asked if gib was a beauty parlor. I sad no. It is a copper mine. She showed me her copper skills n cream. Then she said. This has a lot to do with the way I look. Well, she makes a good point. I could go with 500 million us. Debt for gib, if it keeps her in copper;)) Nf
Comment by
JCSunsfan on Apr 24, 2024 5:50pm
I am not sure what you just said, but Ithink it may be a round about way of saying $500 million debt is ok with you.