GREY:WFREF - Post by User
Post by
qwqwon Aug 04, 2015 5:50pm
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Post# 23988686
Banks
Banks
The banks should be quite happy with the issue.It's a much better
option for them than watching their collateral evaporate as the
properties are given away.With $430 mil of bank debt remaining
LRE should be in very good shape when negotiating the new interest rates.
They'll probably save another $10 mil on interest, for a total of $20 mil/yr
interest saved.More than enough to buy a nice chunk of shares back.