Credit facility terms announcement? 30 days NR?Crawdord said during the last CC that it would take 30 days to close the credit facilities. Good news comes on Mondays, bad news after hours on Friday. Have to wonder why we haven't heard anything? We shall see.....
Paul Stewardson
Calling in for Chelsea. Congratulations on the quarter. Can you touch on the interest rate for the new credit facilities? I know you mentioned there was a low cost of capital, but is it similar to the old credit facility, is that kind of a reasonable way or is a bit of margin given the increased times?
Hardik Mehta
Yes, sure. We would certainly encourage people to kind of wait. We would definitely be taking a formal announcement once we close on the credit facility, but it would be safe to say that the margin would be similar to what we had in the past except for, as you all probably know the market moving towards so far versus prime rate or stuff like that. So there will be some changes related to that. But as far as margin goes, it should be within a similar pattern to what the previous line was