GREY:MKRYF - Post by User
Post by
OOU812on Jul 07, 2017 8:16am
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Post# 26443509
annualized adjusted EBITDA of $22.2 million
annualized adjusted EBITDA of $22.2 millionOne of the few companies in the oil patch that's using EBITDA instead of cash flow.
I wonder if the $16 million in interest payments has anything to do with it.
$6 million cash flow doesn't sound quite as wonderful as $22 million
The $22 mil is also based on Q1 annualized,not current prices.Using current prices
cash flow would be negative.
A company with $150 million in debt and no cash flow???????????????????????
"The pro forma resulting issuer shall have total debt outstanding of approximately
$148.4 million, comprised of the Term Loan of
$117.2 million and Collateralized
Exchange Listed
™ Notes of
$31.2 million."
"Upon completion, the resulting issuer will extinguish the existing reserves based bank credit facilities and infrastructure-backed debt of both Manitok and Questfire, and will have an average cost of debt capital of 11.1% versus the current 9.7%"