Originally Posted by
Finessed
Currently they are burning 25-30 million a day sitting on 14 billion of liquidity. Debtors would NEVER let them run through all of their liquidity. But doing the simple math that gives them 1 year and 195 days to burn through it all.
The liquidity floor I've heard is 6-8 billion. Now, obviously, that's a wide number.
The problem is now they've got double digit bond yields, they need something to which to refinance that. That's not sustainable.