Originally Posted by
shiznit
Consider the 4% as a signing bonus that keeps on giving (compounds the rates going forward)... This is half of a year prior to the amendable date.
Yup. For the most part, I am looking at this as an extension. And here's why it is a good thing even given the rates (which are actually pretty good given the state of the industry/economy) And I will just give you the bullet points and let you connect the dots yourselves.
Look at our debt.
Look at the paydown schedule
Look at when the projected $10 billion line will occur, and how much in interest payments will be saved by the company
Look at when this contract will become amendable.
Connect dots.
The only fly in THIS ointment is the question of who is gonna jump the bar we will (hopefully) set with this TA.