RE:Lazy job by management It provides insight into what was available to them in the bond market. If they could have negotiated a better deal they would have. I suspect NOTHING was available to them at WTI <$70 which is why they sold of eggress to hedge the risk of bankruptcy.
Now we can see why it took so long. Oil is at all time highs with lots of momentum, and this is the best deal they could do including a kickback to the lenders for their trouble.
strikezone1 wrote: Could have walked into my credit union and got better terms for them........we waited for that?