RBC Comment on $350mm Issue For CashRBC Insight Equity Report Confused at why they need this. RBC Views this as "Slightly Negative" in the absence of further information. Interesting, they have the highest target I think.
Can't post a copy of it, but got it off Cohodes twitter account, lol...... since the press release is so vaguely stated - As per usual !!!!
Not what I was expecting either. I'm not sure how more debt can be a good thing.
By the way, the new poster that said the coupons for the bonds are 6% and called rad a liar, you should apologize as you are incorrect. You have said some other things that are wrong but I won't get into them now.
The Oct 2015 Senior Notes (Mature 2022) bear a coupon interest rate of 9.5% and CXR pays inteerst semi annually on June 15 and Dec 15; the 7% Senior Notes (Mature 2023) bear an interest rate of 7% and CXR pays interest semiannually April 15 and Oct 15 of each year. The bridge loans must be repaid on Oct 21 2017 or the interest rate jumps from 9.5% to 11.5%. I hate to say it, but debt is killing them and I too think that it was Cinven who they were trying to get to take a minority stake. Buyout is out now, and anyone who still pumps it on this board should just be ashamed. We are all retail investors and some have had large losses and really what is said here doesn't influence the share price so it serves no purpose to give outlandish pumping hopes. Its OK to be bullish or express an opinion, but the posters who say its going to gap up and shorts will be burned are as scummy as I think the CEO is. Even more so really because they know they are lying, and I am not sure where the CEO's head is at right now.