What is it worth?, page-25

I don't accept the CR argument at all. Performance will be the criterion, that's why I floated the idea of the Vendor becoming the sole creditor, with the current bank loan being taken over by the vendor at far more favourable rates than all the current loans. Cash flow, IF performance continues as indicated, will take care of all loans. And Dom would be wanting to get rid of as much of those loans as possible added to his negotiations for lower rates on those that remain.. Dilution would be the very last thing on Dom's mind and would be a very negative indicator to the market. The opposite would be the case by reducing both the size of the debt and the rates that currently apply. IMO, they would be Dom's first targets.