Imperial Sugar (IPSU) Message Board

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Non-Tech : Imperial Sugar (IPSU)

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To: Crossy who wrote (56)	1/2/2003 10:16:20 AM
From: Crossy	of 121

IPSU - Total debt : $50m as of 2002/12/31 means Debt/Equity ratio is now around 0.50 biz.yahoo.com ....In the past 16 months, the company's debt and other financing obligations have been reduced by $258 million. As a result, total debt outstanding was down to approximately $50 million on Dec. 31, 2002... ...The new bank agreement, led by Bank of America, N.A. and General Electric Capital Corporation provides for a three-year $140 million revolving credit facility and a three-year $35 million term loan. It is designed to provide sufficient liquidity for the company's working capital requirements, long-term financing needs and certain letter of credit requirements. At closing, the $35 million term loan was drawn down but no borrowings were made under the revolving credit... rgrds CROSSY

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