I can't see the bank syndicate agreeing to an extra $100M, with 3 years plus terms, and lower interest rates if they were at all concerned with SPO's ability to service that debt. Note that this refinancing was done AFTER the announcement of problems with the laundries aquisitions.
Thanks to all those raising the debt issues though. It has given me cause to research it more thoroughly.
SPO Price at posting:
$1.02 Sentiment: Buy Disclosure: Held