7-9%I was hoping to get a "nice" surprise with the refi. I got a surprise alright...I figured that with oil at $80 we might get a better rate than 9% and hence the 7-9%. 9% was what I thought was afair price in August with WTI sitting at $65 but at $80 I thought 7% might be in the cards. So basically if oil was trading still at $65, I guess ATH would have been offered 15% refi??? Or nothing??? Really??? And then let's not mention the warrants...So the company needed to make this deal to stay alive. Got it but many other pil plays are in debt and yet they refinanced at a lower rate with WTO trading lower as well. I just don't get it. $80 dollar oil and the best we could get was 10% WITH WARRANTS??? Pissed...
Mas