OZL oz minerals limited
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Bit unclear in my last post.Debt service coverage ratios...

  1. thestockguru
    551 Posts.
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    15/02/09
    15:17
    Post #: 4797448
    Bit unclear in my last post.

    Debt service coverage ratios /serviceability should still range 2.5-3x over 2009. Less on higher principal repayment (unknown). I would negotiate more interest up front in 2009 with big balloons principal repayments in 2010 when when PH is fully operational in 2010. Of course asset sales would reduce a % of principle

    Not all the debt would need to be rapid in 2009 or 2010 as happy banks could roll indefinitely. Its about US$200m that is required to be taken out now.

    Refi gets done.
    OZL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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