Refinancing solution during Q1
Her er hva de skriver med egne ord i Q4-presentasjonen:
• A strong NIBD/EBITDA development and $144 million of available liquidity has been the background for refinancing discussions
• We are in the closing stages to conclude an amend and extend solution with our senior lenders
• Details of the amendment and extension will be shared once all agreements have been concluded
AMEND AND EXTEND:
Many firms have been trying to issue bonds to refinance their term loans. But a new approach is taking hold as investor demand for leveraged loans continues to be strong. It's called "amend and extend". The idea is that the loan remains in place, while the lenders permit a maturity extension in return for better terms.
Refinansiering:
"Refinansiering er en prosess hvor man erstatter eksisterende gjeld med et nytt lån. Målet er at det nye lånet har bedre betingelser enn den opprinnelige gjeldsposten. Det kan for eksempel være i form av et lavere effektivt rentenivå eller at man forlenger lånets nedbetalingstid." Wikipedia
Emisjon er fullstendig ute av bildet, detaljene rundt refinansieringen er like rundt hjørnet!
Det å få kjøpt denne for rundt 2kr må jo være et røverkjøp??
• A strong NIBD/EBITDA development and $144 million of available liquidity has been the background for refinancing discussions
• We are in the closing stages to conclude an amend and extend solution with our senior lenders
• Details of the amendment and extension will be shared once all agreements have been concluded
AMEND AND EXTEND:
Many firms have been trying to issue bonds to refinance their term loans. But a new approach is taking hold as investor demand for leveraged loans continues to be strong. It's called "amend and extend". The idea is that the loan remains in place, while the lenders permit a maturity extension in return for better terms.
Refinansiering:
"Refinansiering er en prosess hvor man erstatter eksisterende gjeld med et nytt lån. Målet er at det nye lånet har bedre betingelser enn den opprinnelige gjeldsposten. Det kan for eksempel være i form av et lavere effektivt rentenivå eller at man forlenger lånets nedbetalingstid." Wikipedia
Emisjon er fullstendig ute av bildet, detaljene rundt refinansieringen er like rundt hjørnet!
Det å få kjøpt denne for rundt 2kr må jo være et røverkjøp??
Redigert 19.01.2021 kl 00:27
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When it says "better terms" who gets the better terms?
KennyL
10.03.2020 kl 00:00
836
The idea is that the loan remains in place, while the lenders permit a maturity extension in return for better terms. The new terms may include higher spread, better covenants, and a reduced notional.