The B.S. Thread
01-23-2009, 02:20 PM
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Investors See Smurfit Payment As Time Buyer
Smurfit-Stone Container Corp. made a $7.3 million interest payment Jan. 15, but market players still think a bankruptcy filing could be imminent. One investor said the move will simply buy the company more time to talk to lenders and explore its options. "The last thing they want to do is not pay it and then have a really finite timeline," he explained.
The St. Louis-based paper and packaging company has an $800 million revolver maturing at the end of 2009. According to market players, it is in discussions with bondholders to explore refinancing options that include a pre-packaged
Smurfit-Stone Container Corp. made a $7.3 million interest payment Jan. 15, but market players still think a bankruptcy filing could be imminent. One investor said the move will simply buy the company more time to talk to lenders and explore its options. "The last thing they want to do is not pay it and then have a really finite timeline," he explained.
The St. Louis-based paper and packaging company has an $800 million revolver maturing at the end of 2009. According to market players, it is in discussions with bondholders to explore refinancing options that include a pre-packaged
01-23-2009, 02:31 PM
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Investors See Smurfit Payment As Time Buyer
Smurfit-Stone Container Corp. made a $7.3 million interest payment Jan. 15, but market players still think a bankruptcy filing could be imminent. One investor said the move will simply buy the company more time to talk to lenders and explore its options. "The last thing they want to do is not pay it and then have a really finite timeline," he explained.
The St. Louis-based paper and packaging company has an $800 million revolver maturing at the end of 2009. According to market players, it is in discussions with bondholders to explore refinancing options that include a pre-packaged
Smurfit-Stone Container Corp. made a $7.3 million interest payment Jan. 15, but market players still think a bankruptcy filing could be imminent. One investor said the move will simply buy the company more time to talk to lenders and explore its options. "The last thing they want to do is not pay it and then have a really finite timeline," he explained.
The St. Louis-based paper and packaging company has an $800 million revolver maturing at the end of 2009. According to market players, it is in discussions with bondholders to explore refinancing options that include a pre-packaged
That is what I told you two weeks ago.
01-23-2009, 02:32 PM
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01-23-2009, 02:35 PM
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01-23-2009, 02:37 PM
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that is every business in america right now, look at sirius, they make $700 million a year and they only owe 3.1 billion but if they dont get someone to carry the paper when it matures they are going tits up!??!?!? farkin banks are gettin stimulous money to keep things going and they are hording it... on my way to B of A to punch sombody just for the principal of it!!! 
01-23-2009, 02:37 PM
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