Alterra Power MGMXD

Alterra Power Arranges Extension to Iceland Bond

[BoldForbes]

One more year to deal with this, but at a higher interest rate...I thought rates were declining (short and long-term) in increasing...

Hopefully, they will figure out a long-term financing deal at low rates; in Europe investors should be lining up for 2-3% since many nations have negative yields...

I am curious how the rate could have gone up?  What are the other aspects of the deal they did not mention...is there trouble with the refinance or are they waiting for long-term rates to decline...someone needs to ask during the next quarterly call...

Bold Forbes

[materialsgirl]

Bold Forbes For each 1,000 extensions to funding, roughly 999 are done at a lower rate.  I have not read about nor have I heard about any other deal where rates rose But we must remember one thing.  The other 999 do not have AXY management.  Incompetent management is exactly what leads into silly situations like this. AXY by law had to admit the raise in rates.  But

[SimplyRunRig]

I'm probably just making excuses, but interest rates in Iceland are a little higher than they were in late 2010: https://www.tradingeconomics.com/iceland/interest-rate

[BoldForbes]

Simply, I am multitasking at the moment...doing too much...and cannot double check, but I thought this debt was not based in Iceland.  Wasn't this the Swedish debt? Material Girl, Newstock or RDK...anyone else confirm this? Going in too many directions today\week\month...need to graze in the field this weekend, Bold Forbes

[RDK241t]

I'm not sure Bold Forbes but I will research it a bit. The fact the share price held at .60 indicates to me minimal impact so I'm not worried.

[BoldForbes]

OK, I checked my notes from the shareholder meeting (probably should have done that before positing...) and this is what I heard.  Of course management might have tried to communicate something else. Notes from May's shareholder meeting regarding refinancing the news should not have come at a total surprise: John Carson stated the refinance was going smoothly The rate might be

[R_J_]

Alterra Power Arranges Extension to Icelandic Bond - [By the way - this is my 1st attempt at posting using the new Windows 10 Microsost Edge browser, ‘InPrivacy’ mode.  Let’s see if the link ‘pops’.] [Oops, I could not get to 1st base - Switching to the Google Brouser under Windows 10.] - https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra