Fri, Jul 25, 2014, 8:38 AM EDT - U.S. Markets open in 52 mins.

Recent

% | $
Click the to save as a favorite.

Allied Capital Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • When words like restructuring are used what else can they mean? The ALD rep said one of the things they wanted was flexibilty so they could continue to operate. Almost like is it going to be 7 or 11.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I just don't see the advantage of a bankruptcy here. They are expensive. You can accomplish the same goals without a bankruptcy when both parties are cooperating and there are so few of them.

      1. Dividends have stopped.
      2 Asset sales are happenning and the proceeds are going to debt repayments

      3. they said they agreed to quite buying the public debt so banks are getting the money

      4. What do you get with a BK? High legal fees. The court has to approve every move. All payments to lenders stop until it is sorted out. Bank has to take a reserve to earnings for the loans. I think flexibility to operate means a slow down in the aggressive repayment schedule and an available line of credit. It could mean converting some debt to equity but someone mentioned there might be a restriction in the ability to issue stock at less than NAV. I haven't checked on that.

 
AFC
25.05+0.04(+0.16%)Jul 24 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.