on a good pathThe remaining senior notes will be virtually zero at the end of 2019. I assume that they will then start buying back the debentures (which are currently trading at 101.50). At the current rate of paying down debt, they should be able to buy back all of the debentures by mid 2021.
If they can succeed in stabilizing revenue (still a big if), this company could be worth a lot more than $8.54 a share.