They got a senior debt facility in november , it would be nice to know how the interest rate was set for that and over what time frame , given interest rates in general are rising . Could be good arbitrage for them if the interest rates were set and not pegged to LIBOR or something similar .
This could be a genuine turn around story guess we will know by the end of the month .
PNC Price at posting:
57.5¢ Sentiment: Hold Disclosure: Held
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