The quote you posted states that the rate during the initial term was 20%, that's what they are charging PNC.
'Under the Facility Agreement, the Company will owe a principal amount of $141.6 million to Carlyle, due on 20 September 2020. The interest rate under the facility is currently 20% per annum and there is a make whole payment which requires the Company to pay a minimum of 9 months of interest. Upon early refinance of the facility, Carlyle calculate the amount due as approximately $165.8m. '
You never assume an agreement is going to happen until it's signed, court approved & agreed by shareholders.
PNC would have been accruing interest in their monthly mngt accounts at 20%.
So until the agreement was approved by shareholders & the facility was extended the rate was 20%.
That's obviously where you've also gone wrong because you assumed Carlye would complete the transaction , otherwise you wouldn't be sitting on a hefty loss.
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $68.08M |
Open | High | Low | Value | Volume |
48.0¢ | 48.5¢ | 44.5¢ | $797 | 1.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2399 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2399 | 0.485 |
1 | 10000 | 0.450 |
1 | 11363 | 0.440 |
2 | 15056 | 0.420 |
1 | 17073 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 20000 | 1 |
0.500 | 5267 | 1 |
0.510 | 40000 | 1 |
0.520 | 2652 | 1 |
0.550 | 23174 | 2 |
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