Debt of 375 million was august 31. They burn through 25 million a month to keep company afloat plus the 50 million DIP loan + 12% interest. Not to mention foreign bidders possibly needing to recompense American tax payers if CFIUS wills it... Plus BK court liabilities and KEIP payments. This could easily approach 700 million in debt
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.