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Message: The sword of Damocles....

I agree that the "typo" is likely based on real numbers for a refi loan renewal and increase in principle. My guess is that the refi which that slide would represent is a backstop deal and that Don really is working on a larger deal of some other type. The reason I think this is if you are working on a larger deal that you reasonably think might get done prior to the end of August then you wouldn't do the larger refi with corresponding dilution, hence the small BB deal to tide us over. If you didn't have another larger deal "in the works" you wouldn't do the smaller BB deal which you know will bring the SP down and potentially affect the pricing of a straight refi. You would go straight to the larger refi. Just a guess at a potential scenario. 

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