NIICEEE...best parts:
Significant reduction in debt & future PIK rates: $88Mil to 1.5%, Interest rate down to 8% from 10%
No Interest payments in 2018
No cash interest on unsecured notes
Cash balance of $37Mil plus facility
Backlog of 45%
and, what any blind Freddy can forecast, but, lets just say it again...
Expect to see benefits of both increased demand and increased price in 2018
NIICEEE...best parts: Significant reduction in debt & future PIK...
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