Re: Renegotiate debt interest rate?
in response to
by
posted on
Nov 01, 2010 02:11PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Thanks,
But let say we’re refinancing the debt now.
@ Cost : $80M
New Debt : $880M
New Rate |
New cost |
Actual Cost |
Annual Saving |
Annual saving per share |
6% |
$ 52,800,000 |
$ 88,000,000 |
$ 35,200,000 |
$ 0.08 |
7% |
$ 61,600,000 |
$ 88,000,000 |
$ 26,400,000 |
$ 0.06 |
8% |
$ 70,400,000 |
$ 88,000,000 |
$ 17,600,000 |
$ 0.04 |
9% |
$ 79,200,000 |
$ 88,000,000 |
$ 8,800,000 |
$ 0.02 |
Let’s do it !!! did i miss something ????