debt funding package

Okay so they needed cash. The debt package looks extremely good in my opinion. Libor now is around 2.1% approx. So they have a loan, which doesn't need to be renegotiated till 2015, and they are paying around 7.1% as of now.

This leaves me with new faith in MBT for the following reasons:

1) They didn't raise equity funds.
2) Convinced some scared bankers out there to lend them money, with a long maturity date in this environment.
3) The price they had to pay is indicative of the risk the lender is absorbing, which, along with a profit margin, was calculated to be 5%.
4) They are committed to overcoming the obvious issues with their new plant.

And they price of oil is rising ;)

Anyone been to Malaysia recently? I flew to KLCC recently, built the airport in a massive palm oil plantation.