Ainsworth Lumber Co Ltd ANSBF

RE: Ainsworth profit and price of osb?

[pappy7]

Found it from early Nov. by S and P.

Based on our forecasts, we expect adjusted debt-to-EBITDA to decline from its current level of 7.9x, to 4.0x by year-end. The repayment of current senior unsecured notes will result in the elimination of PIK interest debt, and so our model forecasts relatively stable and unchanged debt. Ainsworth's earnings are highly sensitive to changes in commodity OSB prices; our model predicts a C$10 per thousand-square-foot increase (or decrease) in OSB results in a C$17 million increase (or decrease) to EBITDA.