Re: Renegotiate debt interest rate?
in response to
by
posted on
Nov 01, 2010 04:01PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Always possible, we don't pay 14%.
Buy back of debt is probably better chance as debt is probably selling at a discount.
I say use $15 million of line of credit, probably could get between $20-$25 million of debt of books for that.