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  • lner2512 lner2512 Jan 7, 2010 11:47 PM Flag

    Some thoughts on the preferred issue

    I don't believe the current IDR agreement will survive this transaction and the refinancing, though I don't have an idea how it will shake out. Given management's ownership of XTXI, I expect XTXI will fare well if a refinance can be secured. And I think Blackstone's presence pretty much guarantees that. Any thoughts?

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