Sounds to me like the extension of a current credit agreement that allows the parent company as well as the subsidiary to access money if needed for pretty much any reason, since part of the deal is a revolving credit line. The rate they are getting is good, nothing to complain about. Can't tell you though why the stock is not participating in the rally right now as they posted solid earnings.
Yes, I agree, Libor plus 1 is good. This stock is not a 'beauty queen', and in my opinion that is partly management's fault for not being more shareholder friendly and publicity minded; otherwise I can´t explain why there is so little interest in this stock in spite of such good results. Thank you for your response.