That is a US$4.5m (or A$6.0m) p.a. of savings on the same amount of debt. because they took out US$50m of debt, interest largely remains the same. Overall it is a net positive as 8.75% for an unsecured note is not bad.
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That is a US$4.5m (or A$6.0m) p.a. of savings on the same amount...
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