Once the DB's and ll their losses and costs are gone in 3 weeks they can start taking that long term debt that isn't due for 2 years out in a more meaningful way hopefully at the same discount but I doubt it, IMHO the price of ASNA debt will go up no more 35% discounts but taking it from 1.3 billion to 1.2 billion at a 35% discount was big, whether shorters and traders realize it this thing is not the same stock anymore and larger players understand that even if you don't. Everyone, article writers included were talking all the refinance debt BS ASNA did the unexpected, refinance? Why not just buy it out at a discount going forward tick tock.
Just two weeks ago article was written how Moody's had ASNA at CCC rating because of possible debt refi in a year and a half, guess that will get rethought. I personally am looking for Moody rating change going forward, analyst ratings/coverage to change going forward even more so as 2020 unfolds. +.16 per share and took out $80 mil long term debt for $50 mil that was not on anyone's radar I can guarantee you that I thought would do more than +.06 per share but +.16 and taking out 6-7% of the long term debt for a 35% discount, never in my wildest dreams did I think that would happen.
Peace out
