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retireearly

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retireearly

Re: None

Thursday, 06/30/2011 9:44:55 AM

Thursday, June 30, 2011 9:44:55 AM

Post# of 60120
I don't think if you read the terms disclosed that the company has to pay for the loan upfront. It looks like a net-funding to me. Figure since they aren't at triple A rated company that interest is about 10% a loan for two years would be $3 million and then some more for the origination fees the company would net somewhere in the 10-11 million dollar range.
However, maybe the company has to get some debt off the books before the loans go thru so that might explain the push we are seeing to get these debt conversions done...

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