Well, GJT just secured a recap, with a reasonable price ($1.5)....

Well, GJT just secured a recap, with a reasonable price ($1.5). So well done htran7528!

The most intriguing part of the recap deal is the expected EPU and DPU yields, where EPU yield is 11%, and DPU yield is 10%. It seems that GJT's refinance deal with the banks have close to 0% amortization, an indication that the credit market is very favorable at the moment.

Just imagine AJA can negotiate a couple refinance deals with similar terms...