TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Mar 10, 2020 9:47pm
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Post# 30791287
RE:RE:RE:RE:Chances of bankruptcy
RE:RE:RE:RE:Chances of bankruptcyCan you give more info on that $950 mil in short term debt.
I think there's 500M Notes due April 15, 2022. Not sure what interest rate is being paid on those notes.
What else due, when and at what rate?
I think there's $750M due in March 2025 and $750M due in March 2027
onec007 wrote: The company currently has $950 mil in short term debt due within one year. They could always refinance and push these dates out. Few points to consider: 1. Total of $3.9 billion in unused capital that they can borrow ($436 for short term and $3.45 billion for long term) 2. Sale of their retail business is still in place - possibility I think has greatly been reduced. However, these assets are fairly coveted so can still find a buyer but possibly at a lower price. 3. LKS can definitely be a lifeline. Back in 2016 they bought Husky's mid-stream assets for $1.7 billion so it is definitely possible. LKS has already lost significant money in Husky but don't think they will allow it to go bust as the company isn't financially in distress and LKS family is still very much involved in board meetings.