Quote:
Originally Posted by Nathan
FFN on the other hand, has an outstanding loan of 460m. A big chunk of that is due this and/or next year!
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yup that's why SP downgraded their bond rating earlier this year and pretty much why their stock is so depressed. However being publicly traded also has it's advantages when it comes to refinancing debt. With junk bond rates in 6-7% range these days and plenty of cash chasing high yield returns, they should be fine IMO.
If i'm reading their 10-K correctly, they're paying 17% interest ?
$20m Interest expense in Q1 on $460m Long-term debt.