Quarterly reports have been strong for the last 2 years now, perfect timing to push us into the $1 range. Still been browsing publications from IFN and cant find any mention of ability to refinance their debt structures at any given time, yet it is mentioned numerous times that IFN seeks to refinance debt. Can anyone shed light on this? The global debt facility matures at December 31 2022 at that time I assume all current debt would have been paid back, certainly at this rate IFN would possibly beat that by 18months. Sitting on total debt of $594 million and given current market conditions I safe assumption would be IFN could erase this down to $460 million by EOFY17, that's a massively de-risked company from the shaky grounds of 2014 where debt was verging on a billion dollars!
IFN Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
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