RE:RE:RE:RE:Tidewater's Acquisition of Prince George Refinery
synergies, but is there scalability? Release says they service resource areas, but with lumber mills closing and reduced logging they're in on a down cycle.
they've got 90% of output locked in with HSE for 5 years as well.
part of the financing sounds expensive. ATB $100mm second lien loan at BA+4.5% and escalates .5 per quarter to max BA+7.5%