My take is that the company's corporate and receivables debt is refinanced, with the terms extended out to remove the uncertainty. Adding to the corporate facility gives room for some CN holders to be paid, increasing the company's debt, reducing the ongoing cost of servicing the interest of CNs. Net overall impact is to stem the never ending tide of printing shares or risking having to pay the CN holders out, chiefly slanted toward Balance Sheet repair. The $29.4 mil arrangement fee is added to the corporate debt, which has already been separated from the operating divisions, so the CFP party will be full of asterisks lol, sorry guys. That's my take, could be wrong, if so a wiser poster will let us know.
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Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B |
Open | High | Low | Value | Volume |
$2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 133683 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.20 | 235682 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 38024 | 2.180 |
2 | 1381 | 2.170 |
3 | 17776 | 2.160 |
5 | 23480 | 2.150 |
2 | 46380 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 194372 | 36 |
2.210 | 175 | 1 |
2.220 | 34300 | 6 |
2.230 | 8500 | 3 |
2.240 | 13075 | 4 |
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