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Message Boards Settings Crosstex Energy GP, L.P. (XTEX) - Quote Info
Refinance coming - then distributions      6-Nov-09 09:07 am    
The CEO clearly signaled they expect to get new financing:

"After paying down $550 million of debt through asset sales and with the operations improvements we have implemented, we believe we are well positioned to access the capital markets to refinance our existing debt,” added Davis."

They are getting killed on interest rates based on the amended credit deal they were forced to take in February. They don't make the statement above unless they are already in negotiations with lenders and feel they will get a favorable new deal. Not only should a new credit deal allow them to pay distributions again but it will save them a huge amount of money, which will mean higher distribution payments. Looking forward to the conference call for more details!


Sentiment : Strong Buy
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joefridaye


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  Subject Author Rating Time of Post (ET)  
 
Refinance coming - then distributions
joefridaye 6-Nov-09 09:07 am  
 
They said last quarter they were looking to refina...
coochy.coot... Rate it 6-Nov-09 09:31 am  
 
I realize that, but they focused on it in the...
joefridaye Rate it 6-Nov-09 09:35 am  
 
No, you're thinking of RIC's and REIT's....
coochy.coot... (1 Rating) 6-Nov-09 10:41 am  
 
"will force them to pay a distribution u...
lisahuang54... (2 Ratings) 6-Nov-09 01:11 pm  
 
To quote Junior Soprano (when told by the FBI they...
Tommy1959 6-Nov-09 10:05 am  
 
Angie, lol
guintogg Rate it 6-Nov-09 03:41 pm  
 
Anyone awake , over sold, imo if that's allowed to...
guintogg (1 Rating) 9-Nov-09 12:47 pm  
 
guintogg-just a little advise it`s not good t...
thcbne Rate it 9-Nov-09 01:00 pm  
 
Ok what's the possibility of seeing xtex...
guintogg (2 Ratings) 9-Nov-09 03:29 pm  
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Crosstex Energy LP (XTEX)

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