GREY:WFREF - Post by User
Post by
ROUGE719on Nov 28, 2015 4:38pm
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Post# 24335168
THEY HAVE BEEN PAYING IT DOWN ALL ALONG
THEY HAVE BEEN PAYING IT DOWN ALL ALONG - Executed on $19.2-million in non-core dispositions with proceeds directed toward debt repayment. Proceeds from non-core divestures over the first nine months of 2015 totalled $31.3-million;
- Reduced bank debt over the quarter by $30.3-million to $595.6-million on a total credit facility of $695.0-million, in accordance with the company's goal of debt reduction. The reduction was a result of disposition proceeds and funds flow from operations exceeding its controlled capital expenditures;