Presentation is loading. Please wait.

Presentation is loading. Please wait.

1 Current Bond Payment Restructuring Michael E Finn, CFO.

Similar presentations


Presentation on theme: "1 Current Bond Payment Restructuring Michael E Finn, CFO."— Presentation transcript:

1 1 Current Bond Payment Restructuring Michael E Finn, CFO

2 Existing Capacity at 10% – 2012 – $27.5M – 2013 – $9.1M – 2016 – $4.5M With Restructuring – 2012 – $45.0M – $44.2M – $70.0M – $97.7M Restructuring and Funding Scenarios 2

3 Market conditions have shifted – Estimated $137k net loss due to decreased interest rates – Decrease of.10% in rates would provide breakeven scenario – $65 million in additional capacity over 4 years Each year handled independently and must be done no earlier than 90 days prior to maturity date and no later than maturity date (90 day window) Provides opportunity to re-evaluate each year. 3 Financials

4 Existing Capacity at 20% ( /Current SAV) – 2012 – $269.1M/$191.9M – $269.1M/$155.2M – $269.1M/$145.9M Impact of Legislative Changes 4

5 5

6 QUESTIONS 6


Download ppt "1 Current Bond Payment Restructuring Michael E Finn, CFO."

Similar presentations


Ads by Google