RE:RE:RE:RE:Company reasoning for the credit limit increase direct quoteJust one clarification, the accordian was already negotiated as part of their credit agreement with JPM and co. When you get an accordian, you pay for the option and the credit approval and all that good stuff happens when signing the agreement.
So JPM and others didn't approve anything or make an offer, CTS unilaterally has the right to exercise the accordian.
That being said, it's all noise right now until we see the prelim results next week.