OTCPK:MGMXD - Post by User
Comment by
carinthianon Nov 26, 2014 10:58am
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Post# 23165569
RE:Axy this is the time
RE:Axy this is the time
Hi!
Can you please give me the source where it is stated that they did refinance their long term debt?
As far as I can see there are still 128mio of bonds due in 2016 on which I haven't heard a word how the plan to refinance this thing. Given the fact that the HoldCo's 56,7 mio loan pays 6,5%+ I highly doubt that they will be able to achieve 1,5%/3,5% on the refinancing...
Assuming the are able to get something like 15y bullet on these there should be 1,5mio of additional interest to pay each quarter in my understanding.
Thanks it advance - would love to see them getting additional 6mio out of it but as stated above I cannot see how?
Just my personal thoughts. DYODD
carinthian