RE:RE:RE:RE:RE:RE:RE:No dividends now 4+ months The cash accumulates in Prime, and shareholders decide what to distribute based internal needs including the RBL. Shareholders are AOI and BTG, with 50% each, and BTG is the holder of the acquisition loan.
Dividend is really not as important as the ability to pay the dividend, and I doubt if there will be one prior to their reaching terms on the new loan terms.
BTG will be paid off, but they may arrange separate more conventioanl finance to do this. The while thing is supposed to be done by mid-2021, which could be anywhere in the June-August range to me. This will involve refinance of BTG, possible restructuring of the RBL and possibly tie into funding for something not yet announced.