Restructure of Debt

[safety stud]

This merger is complex. For the most part, most everything on a financal standpoint has gone on without a hitch. With the New U restructuring some of it's long term debt, it allows the company to have more cash on hand to pay for the higher than expected fuel costs. It appears to me, that finally there is someone in place who knows what he's doing. Kudos to D.P. 🙂

 

[delldude]

aren't these "buying time" moves seen before dire financial problems?? 😱

 

[FWAAA]

Still unanswered is "what's it costing LCC to restructure this debt?"

Nothing is free when dealing with banks and other lenders.

Long-term interest rates have been going up, so maybe the lenders are getting higher rates and are willing to change the terms along with a bump in rates.