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piggy99

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piggy99

Re: andrewflying post# 304

Tuesday, 08/30/2016 4:13:47 PM

Tuesday, August 30, 2016 4:13:47 PM

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Last Q, they accrued a one time $2.3M for debt restructuring. Each Q, they also have a $4M in Interest charges which they will no longer have. That is a $6M dollar saving for the up coming quarter.

Going forward, they are saving $16M a year on interest.

I see nothing but positive for this company.
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