RE:RE:Bank Syndicate Extension Date That is why OBE is getting rid of this backing syndicate
When refinanced they will be paid out
The Nov note May or may not get paid out depending on its covenants
There will be a line of credit of a relatively small amount used for working capital timing
The unknowns presently are the size of the debinture issue (I'm thinking around $300 million)
and
The coupon rate. I'm thinking 6.5-6.75%
All this being said - the most interesting thing on my mind is the intent of todays buyer. Someone just stepped out into the open!! Will be interesting to see who else may have noticed