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Ryland Group Inc. Message Board

  • dhneedle dhneedle Jun 26, 2009 12:32 PM Flag

    RYL - Impairment Charges on Horizon

    Given the termination of the JP Morgan credit facility, it is fairly safe to assume that RYL will disclose major impairment charges very shortly. The only reason to terminate a credit facility such as this and to fund operations out of cash is not to trip covenant language imbedded in the credit facility. Any thoughts?