Replies to post #63443 on Koil Energy Solutions Inc. (KLNG)

[chevdawg18]

LMAO first off, i never said i was drinking, just a good night. Funny you interpreted it as that. LOL probably the way i phrased it.

Excellent post though mystic, sounds like you know this subject pretty well. Should be interesting to see their financing package for this deal considering its over $23M. lol

[mystic krewe]

Chev, it wouldn't surprise me to have rates based off LIBOR for this kind of financing. The London Interbank Offered Rate (or LIBOR,) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). http://en.wikipedia.org/wiki/LIBOR