RE: Near Term Obligations I find it hard to believe that the only obligation is $255M of MTN's. They have this in the bank already. There must be more to the debt story than what is presented in the financial statements.
Does anyone know what terms there are for the existing bank agreement to be fulfilled which would allow YP to start buying back the pref's? Also, at the current price of the pref's what is the actual total debt today? I think it would be significantly lower than what is on the books, or am I missing something here?