RE:RE:$60 mil debt retired for $45 mil cost no extension You want to know where they will get the cash? How about a release of working capital at moa? They show the full balance sheet of moa as of 1Q22. You can see it he 50mm of cash moa holds and the recent build up of working capital. Anyone want to bet there is a release of working capital over the next few quarters? But that won't happen till after 2Q22 otherwise they hold too much cash on the balance sheet and be forced to buy bonds back at Par. Clearly they are trying to avoid doing that and this process was extremely strategic and I would say a success. This is all in the senior bond indenture. And don't forget, thenindenture provides the co with the ability to buy bonds back at any time in the open market (at current prices). And with Ni looking like it will average great than $12 for the 2Q22 that means at least another $80mm of ebitda to S. stunning really. At some point they will need to upstream the capital to S and will be forced to exercise the excess cash flow sweep in the indenture but likely not until the next six month period which will be dec 22.