LTD by my rough calculationsWe'll almost be at $5.25B once the $500M is redeemed/placed as they've already announced recently this week. This $5.25B can go down to $5B, if they can free up $250M from the Balance Sheet this year, 2023. I don't foresee a problem of getting $250M in FCF this year since thet've already said they will have $250M FCF this year in the ER. So the LTD Interest yearly will be about $385M annually going forward this year starting from Q2/23. This is a great strategy to do the Redemption in Q1/23 so they can save $75M in interest alone this year. That's the profit from the sale of 7 G7500 in Interest savings this year, with just one move. If we can shave another $1B next year (Q4/2024)?? Then we'll be down to $4B in 2024, as I've previously said on another post. When that happens we'll be down to $310M of interest yearly starting Q1/2025. Then 2025 will be the year of Freedom from the LTD, if we can place another $1B on LTD in 2025.
Net LTD is now at $3.96B for $2023 or 2.4X Net LTD, and then by Q4/2024, will be at $2.8B Net LTD. This is just great news for the company. If everything goes according to plan with the Pearson expansion this year, & we head into 2025 the way that the company invisioned??? Then we're into 2024 laughing all the way to the Bank, with $1.5/.6B in FCF, with no Plant Expansions, No Service Expansions, and everything paid for. Where we'll have a CAPEX of $200M-$250M. Every Financial Metric will excell in 2025. Great news today, so enjoy them Longs. It even makes sense for some of you, that want to increase your positions, to do it now at this SP. FYI, I'm over invested.