OTCPK:MGMXD - Post by User
Comment by
R_J_on Oct 01, 2016 2:06am
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Post# 25297907
RE:RE:Bond ...Iceland Bond
RE:RE:Bond ...Iceland BondAlterra Power Agrees to First Stage Refinancing of $72 Million Icelandic Bond
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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Agrees-to-First-Stage-Refinancing-of-72-Million-Icelandic-Bond/default.aspx
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Louis James Comments
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This is good news, a deal along these lines having been in the works for a long time.
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However, this is only half the deal, so, until the debt is entirely refinanced, it remains a work in progress.
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We do expect the company to succeed, however, and a 100% refinancing will help conserve cash to be put to more growth-oriented uses.
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All good, . . . .
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End Quote.
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RJ