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Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

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Alterra Power > 4% less per year

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Post by Newstock44 on Nov 26, 2014 3:34pm

4% less per year

Wasn't beatty holding a lot of the debt at 12% and now it's at 8%.. My calculations are a savings of 6 million a year... Also even down to .31 today the average sale today is .33 so no big deal :-)

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Comment by carinthian on Nov 26, 2014 4:18pm

Ah ok, Beaty was the one giving them the revolver but the company still has the revolver - think they use this to build up projects and repay it with the project financing on the holding level (equity stake of the projects). So I would not be surprised to see them taking money from the revolver again. But of course you are right just working with the revolver interest rate vs. the financing for ...more

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