What if... of the $380M or so debt that's outstanding... what if some $200M of that are not debt to be repaid or else, but are debt that all business takes on as a matter of normal operation? Ones that will just be rolled over when they are due.
MRM is no doubt under some financial stress, but its imminent death is somewhat exaggerated.
Time to off-load this Mermaid, page-21
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