As predicted they paid off Hercules at the 30% rate of the proceeds stipulated and not completely, imo due to the automatic triggering of the NRG maturity date if they do so. My numbers were off because i forgot we were already at 5.6 not 7.4m on the Hercules balance.
I still believe they will wait for as long as possible to completely pay off Hercules, but in the meantime are paying it down as much as possible to improve balance sheet and likely make any potential lenders for the $18m required to satisfy 5th-3rd on the Groton financing.
I am assuming they have someone potentially hooked and the requirement before final contract terms are inked is that FCEL pays off both NRG and Hercules.
News 
Market Data 
Discover 
