If they were to Refi the $750 million vs a billion @ LIBOR + 4 so roughly 9% interest.
250,000,000 @ 9% is 22.5 million in interest per year
Why take on the extra principal? If it's not used to make above a 9% return.
this asset is self funded, that's why the bank is happy to extend the RBL.
AOI pays a dividend of $47 milion to its shareholders annually.
I would hope at some point KH gets his shii together and starts using funds to pay shareholders more than 10 cents a year