 IgnitePremium,VIP
join:2004-03-18
UK | reply to David
Re: 21bill vs.8bill said by David:not a bad tradeoff. Dunno giving up the entire company to reduce debt from 21bn to a mere 13bn is scary. Shows how utterly shafted the company was if a full debt-equity swap barely takes 1/3rd off the entire debt burden.
Be interesting to see how much they think this'll remove from the interest payments and if they'll carry on bleeding red ink just slightly more slowly temporarily while the debt and in turn interest payments accumulate again. |
