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UniTek Global Services, Inc. Message Board

  • per_a.jacobsen per_a.jacobsen Jul 18, 2013 11:02 AM Flag

    Forbearance agreement == refinancing???


    I have not yet been able to read the detailed SEC filing about the new forbearance agreement, but it looks like it may be a forbearance agreement and a refinancing wrapped in one th a 20%,or so, equity cost (which is unfortunate, but probably unavoidable in view of the DirecTV discussions. If so, then the two objectives have been achieved: refinancing of the revolver and refinancing of the term loan. This should, then, leave the road to Damascus (or whereever DirecTV is headquartered) open, so to speak.

    Certainly, the market liked it, bringing the per share price up 10% in the morning.



0.139-0.001(-0.71%)Sep 22 11:35 AMEDT

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