Post by
bicente on Mar 22, 2024 9:36am
Paying down the debt ahead of schedule
Is always welcome ... next shareholder meeting should be fun ... the skies are blue ;)... GLTA
Comment by
bbdmic on Mar 22, 2024 9:55am
They don't pay any debt they just spread it so they don't have to pay to much at once.
Comment by
bicente on Mar 22, 2024 10:06am
Yes you are right , I didn't read it and quickly jumped to the wrong conclusion ... GLTA
Comment by
clubhouse19 on Mar 22, 2024 10:31am
looks to me they are anticipating better rates . Playing the JB Wentworth game of I need cash now. No real change in principal amount other than the 100 million buyback of notes. Am I wrong ?
Comment by
MyNameIsNobody on Mar 22, 2024 10:38am
Well, you're right about the better rates, I forgot to mention that in my post. This is mostly what they're looking for, better rates and getting debt terms in smaller chunks. Borrowing money when you don't really need it is always a better proposition for the borrower. They're doing everything the right way... down to these small details.
Comment by
Shamhorish on Mar 22, 2024 11:26am
i do not know if they willget a better rate than what they are paying now (7.125%) imo, they are kicking the cane,,,,
Comment by
flamingogold on Mar 22, 2024 11:40am
There is no kicking the can here. Future borrowing rates are already declining in anticipation of up to 3 rate cuts by the FED before the end of this year. By default, the BoC will follow.
Comment by
clubhouse19 on Mar 22, 2024 11:42am
Why ?? did you think all this debt was going to be cleared by 2027 ? Refinancing a long term debt for better rates is always in play when the market calls for it and part of their being a good financial management.
Comment by
clubhouse19 on Mar 22, 2024 7:06pm
Well what daya know.? Better rates and better scheduling. There was no other reason all things equal.
Comment by
bbdmic on Mar 22, 2024 11:47am
I think they planning to pay 750 M$ per year from 2026 and after till finish.