SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Imperial Sugar (IPSU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Patentlawmeister who wrote (111)2/15/2003 4:54:18 AM
From: Crossy   of 121
 
Cuda,
what I like best here is the mere fact that there are new insiders buying into as the word seems to spread like METLIFE. Imagine that IPSU was able to reduce interest paymetns to 1/10 of its historic exposure by merely getting principal outstanding down to less than 1/5 from $180m to $38m. The real trick was the refinancing in fact locking in 5%-5.5% interst payements for the next 2 years. (LIBOR+250/300bp and Interest swap they signed on exchanging LIBOR for 2.5% fix)

Once they are at book value I can think about them acquiring other companies´, espcially small outfits downstream - users of sugar like bakeries, sweets etc..

best rgrds
CROSSY
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News