Maxim Debt RefinancingHi folks,
With construction completed at Milner it would appear that the time has come to restructure the construction debt and obviously the convertible debenture at 12%. I am not a banking expert and would be curious to hear if anyone had any thoughts on what a refinanced Maxim would look like from a $ perspective as well as potential key terms and covenants?
This would be a big milestone for the company and would also provide them with an opportunity to outline what the plan is for the company over the next few years. With the insider ownership levels being what they are, it would seem that it would either be time to privatize the company or to pay out a nice distribution to the shareholders. There is also the question as to whether or not they should outright sell the company but it doesn't seem like the right time just yet.
LR