Alto Ingredients Inc (ALTO)

[ID Supermoney]

Well review my post here!

However, in the event of any prepayment of the tranche A-1(and A-2) loans that have a maturity date of June 30, 2016, the Plant Owners must pay a premium equal to the present value of all interest payments that would have accrued from the date of such payment through June 30, 2016, calculated using a discount rate, applied quarterly, equal to the Treasury Rate as of such prepayment date plus 50 basis points.

Even if you take your calculation of 4% per year off

That is still huge!

So say $60 million x 1.135 = $68,100,000 plus $8,100,000.00 for second year for Total cost of $76,200,000.00

$76.2 million x 0.04 = $3.048 million for 1 year plus another $3.048 for second year!!

That still saves them $6.10 million

That is STILL HUGE!!!


ID