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RAIT Financial Trust Message Board

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  • ethison ethison Aug 3, 2009 9:59 PM Flag

    8 K out Debt swap

    The convertible debt was actually due in 2012 since it had a put option that the debt holder could enact.

    It would appear that this deal is much better for RAS since it is due later and can be prepaid at any time should RAS come up with the $43 million to pay it off.

    The convertible was going to cost RAS $98 million in April 2012.

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