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Therefore, there will be refinancing issues.
Importantly, it also provides a complete solution to OZ Minerals refinancing issues," said Barry Cusack, chairman of OZ Minerals.
Both companies said that the deal would "provide a complete solution to Oz Minerals's refinancing issues".
"Xerox has refinancing issues, but it's not like they're burning cash like crazy," he said.
Both companies said in a statement that the deal would "provide a complete solution to Oz Minerals's refinancing issues".
Similar(55)
Jean-François Tremblay, a Moody's vice president who has studied the refinancing issue, said that so far banks had managed to roll over debt better than expected.
Stephen G. Cecchetti, head of the monetary and economic department at the institution, called the refinancing issue "a vulnerability and something to be watched".
As flagged up in the small print of the succession of bewildering loan agreements, bond issues, refinancing and stock market flotations since they bought United in 2005, the certainty of having to one day deal with the "succession issue" was the main cloud hanging over the Glazers' feat of financial engineering.
But many of the loans are being taken out to refinance bonds issued in earlier years at higher interest rates.
Newspapers nationwide, struggling to survive the economic turmoil, seek to refinance debt, issue equity and dispose of nonessential assets.
The South Korean government is stepping in to help refinance bonds issued by two giant companies in the Hyundai group that can no longer borrow from commercial banks.
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