Post by
Frank007 on Oct 06, 2024 7:13pm
How much debt …
Any idea how much debt they are into now ? 9.5% is not cheap money ...wonder what's left over for shareholders ?
Comment by
monte8 on Oct 07, 2024 3:35pm
Hey Frank007, so Gran, Tierra previously had outstanding US$587,590,000 aggregate principal amount of 9.500% Senior Secured Amortizing Notes due 2029. Now with the added $150 million, that will be $737,590,000 total in debt at 9.50% due 2029. That’s just under ¾ of a billion dollars. Immagine that!
Comment by
Frank007 on Oct 07, 2024 6:36pm
how is the balance sheet asset base to debt?that is a lot of debt to service for such a small company !