Revised EBITDA: $260M-$270M
Interest Expense: $290M (and that assumes no further haircuts by the banks)
If your interest costs are not even covered by EBITDA, you are history.
The asset values will be impaired yet again now that EBITDA has been downgraded yet again.
I will be selling if the suspension is lifted.
i think it's all over, page-40
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