RE:Interest with MarathonLower SOFR rates will help but it is minimal at this point. They really need to refinance this debt but can only refinance the first $37 million now - $37 million because they likely have ade 3 roughly $1 million payments already (assuming they don't want to pay a "make whole" penalty to Marathon on the other $20 million)
juniper88 wrote: This is a question for posters like Palinc who know about this financing a lot more than I do.
The 50 basis point cut by the Feb, does it have an impact on the interest rate Thera pays Marathon? I thought it was a variable rate. If yes, how much would thera be saving per quarter?