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Re: benfrankledger post# 20

Monday, 11/20/2017 3:13:25 PM

Monday, November 20, 2017 3:13:25 PM

Post# of 39
I was looking through a slide deck that NAP issued at the end of October and to be honest, I am worried for this company. According to their deck, their debt matures in 2020 - 3 years away. This seems like a company that robs Peter to pay Paul. I don't see how they can refinance their debt in 2020 at a rate that makes sense.

This might just me going on a tangent, but interest rates are due for a substantial increase, imo. So if the company can't afford its interest payments at current rates, I have no idea how they will be able to afford higher, future interest costs. Unless they have some secret plant to dramatically increase cash flow from operations, I think this company is destined for bankruptcy court.