CLL financial situation ($94 million interest payment VS $13 million cash flow in 2009 or estimated $57 million in 2010) did not allowed them to reduce their long term debt as some suggested.

Bellow are the numbers provided by the management. Small difference in the convertibles are due to fluctuation in the debentures equity component value and currency fluctuation and the way it is accounted for.

CLL total long-term debt:

at June 30, 2010 $888.3 millions

at December 31, 2009 $876.2 millions

As at June 30, 2010 the company’s long-term debt($000) was:

Convertible Debentures, 4 ¾%, due June 30, 2012 (including equity component value). $90,573

First Lien Senior Notes, 11 ¾%, due July 15, 2014 $194,802
Second Lien Senior Notes, 10 ¼%, due December 15, 2015 $602,948

As at Dec 31, 2009, the company’s long-term debt was:
• Convertible Debentures – June 30, 2012 in the amount of $88,488
• First Lien Senior Notes – July 15, 2014 $191,509
• Second Lien Senior Notes – December 15, 2015 $596184

As at June 30, 2009, the company’s long-term debt was repayable as follows:
• Convertible Debentures – June 30, 2012 in the amount of $100,014,000
• First Lien Senior Notes – July 15, 2014 in the amount of U.S.$200 million; and
• Second Lien Senior Notes – December 15, 2015 in the amount of U.S.$591.3 million.