RE:New NotesIt's all good. Because even though it's the same 7.5% rate, as the one they're replacing. They've paid down $750M of that 2025 Note in doing so They could have waited to get the higher Ratings from the Rating Agencies to get a point or 2 bellow that. But they got a company to run and the years go by really quickly. I just don't see the value in that, that it's worth waiting for. Having piece of mind is probably their goal here. Plus they've paid down $1.75B of LTD to those 2 Notes, within 1 year here, right from their Balance Sheet in 2022. They're on an excellent paydown pace here.
Truthifest wrote: Looks like the new note issuance was oversubscribed. Good to see so much interest. And speaking of, lol, the new rate is the same as the upcoming retired debt. So, the net is additional cash runway. Nice.