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Alias Born | 07/06/2012 |
Wednesday, September 11, 2013 10:08:37 PM
ALJ will use US$112m of the proceeds to redeem a portion of the outstanding 2014 Krotz Springs Senior Notes, which have a balance of US$212m and carry an interest rate of 13.5%. ALJ will also use US$13.2m on an anti-dilution hedge than protects the company in the event of the stock price rising above US$20.09.
Purely my own opinion. Do your Due Diligence.
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