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Re: TraderTrisha post# 36

Saturday, 09/08/2012 8:10:20 PM

Saturday, September 08, 2012 8:10:20 PM

Post# of 112
As of June 30, 2012, NROM had outstanding variable interest-bearing debt in the aggregate principal amount of $4.9 million at a variable rate tied to the London Interbank Offered Rate plus 4% per annum adjusted on a monthly basis.

Based on its current debt structure, for each 1% increase in LIBOR NROM would incur increased interest expense of approximately $42,800 over the succeeding twelve-month period.
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