RFE series 2018-1 reds trust

bouncing back to 4 cents, page-4

  1. 3,506 Posts.
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    as per the ANN in OCT, i would expect the mentioned transaction is going to be released. this will derisk everything.

    Considerable interest was received on Red Fork and its assets, and the
    process resulted in the receipt of a number of asset sale and refinancing
    proposals. After an extensive evaluation and negotiation period the Company,
    in accordance with its advisors’ recommendations, has selected a preferred
    re-financing partner.
    Red Fork will now work with the preferred re-financing partner to endeavor to
    execute a term sheet and then to ultimately close a transaction for a new debt
    facility that would see the Company’s existing senior secured loan repaid and
    additional working capital secured.
 
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