GREY:LSTMF - Post by User
Comment by
boarderex86on Apr 24, 2016 11:43pm
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Post# 24804964
RE:RE:RE:Trailing EBIDTA Ratios
RE:RE:RE:Trailing EBIDTA RatiosWhat is the basis of your belief in this matter? I believe the banks rank highest in the capital structure so it should be irrelevant whether or not the lower ranking debt is secured. Even if the banks view the debt conversion as a significant change, they have already reviewed the borrowing base since the debt was concerted. This is not news for the current review.
when2buy wrote:
Yes, John... I realize in principle this is the intent (credit facility only), however, I don't believe the bank(s) are looking at it this way given how much LTS debt converted LY to secured. I believe now they are looking at the secured side in aggregate as well as the Reserve revisions.
JMO