Re: Renegotiate debt interest rate?

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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

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spiderman8

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Re: Renegotiate debt interest rate?

in response to

Renegotiate debt interest rate?

Glindway

posted on Nov 01, 2010 04:01PM

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.

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