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Clean Diesel Technologies Inc. Message Board

  • zzwildman zzwildman Feb 1, 2013 3:15 PM Flag

    CDTI: additional $150,000 loan @ 8% due 2015 from 2013

    market moves stock

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    • It's NOT an additional loan. It's an existing loan that was termed out to 2015 at a slightly higher rate. There is no prepayment penalty so when the time is right, it can be paid off. That said, it's basically mezzanine capital in an unsecured position. Cheaper than issuing equity at the current low valuation and the capital provider has shown a repeated willingness to work with the company. Good move in my book, particularly if growth materializes as hoped and working capital is required to finance it.

      Sentiment: Strong Buy

 
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