GREY:PEYTF - Post by User
Post by
Khersonon Apr 27, 2015 11:31pm
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Post# 23670284
No more distributions...
No more distributions...Now that we know that PLT.UN will no longer be paying a distribution and the interest rate has been raised, I am wondering if a Default or an Event of Default has occurred?
What I find a tad murkey though, is just how much has the interest rate actually gone up by;2% of something, or a full 200 bps? Since the Line of Credit is now drawn at $150 million plus, the extra interest payments could be $3 million a year!
Kherson