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Re: Star111 post# 27812

Sunday, 09/25/2016 9:56:04 AM

Sunday, September 25, 2016 9:56:04 AM

Post# of 36208
You are never going to know the actual debt outstanding until SUNE returns to GAAP financial reporting (sometime in Dec). However, the picture isn't pretty when you consider the cumulative MOR's thru July show Net Losses of $632MM and New Unpaid Post-Petition Debts of $767.7MM. Total Cumlative Cash Receipts of $515.5MM (which includes $300MM in DIP LOC drawdowns) less Disbursements of $350MM means SUNE is in a deeper hole then when they filed on April 21st. If the yieldcos get priced based on their current 1H2016 cash flows their current market prices will be discounted.

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