Spectral Medical Inc T.EDT

Fitch Ratings

[gebremeskel]

Fitch Affirms and Withdraws Baxter's Ratings

[BlueJays9293]

Wow.  Nice find Gebremeskel.  Doesn't sound good to me from Baxter's perspective.  I don't think they have a choice now, and will have to sell directly to PE.  Which is much much better for Spectral because then Vantive will be in the hands of deep pockets and access to capital that can actually pull off a buyout of PMX/EAA.  I look forward to PE taking over

[mercedesman]

Interesting BAX does have liquidity* but they will be focussed on getting their EBITDA leverage down  *Solid Liquidity: Liquidity is supported by cash on hand of $3.0 billion at Mar. 31, 2024, full availability under its $2.5 billion revolving credit facility due 2026, and full availability under its EUR200 million revolving credit facility due 2026.  But they have $2B in

[BlueJays9293]

"But they have $2B in debt maturities in the next 12 months." This is the essence of Baxter's debt woes.  Every year they will have about the same amount, if not much more, of debt that needs to be rolled over into new debt.  New debt, with a much higher interest rate than the bonds that originally came due.  The bonds that Baxter issued for that ill advised Hilrom

[mercedesman]

Life's a Fitch and then you die ( in a Hillrom bed) 

[BlueJays9293]

This caught my eye, from MM, "or maybe even a Japanese Co. with a >$1 T yen  MC ?" Obviously you are talking about Toray.  This is a very interesting thought MM, why not get paid all of the wholesale price of PMX, and also get paid the juicy part of the retail price and it's incredible mark up in the USA.  Makes more than perfect sense to me, especially considering

[mercedesman]

Agreed ...,pure spectralation... But one just never knows.  KOLs Walker and later Kellum were hired, by a major Japanese conglomerate, to run Trials and get this across the finish line, with the hope of opening up the worlds biggest and richest market ( North America) for their already proven/ accepted product ( in Japan and parts of Europe)  They also foresaw the need to have a

[oilandgasman]

No chance McShill.

[jdunlop]

Oily.....man, how's your day job going?, you must feel deflated pumping gas all day.

[oilandgasman]

Deflated ? not as much as someone who's pumped a stock that is basically the same price it's been for 10 years and has almost double the float.