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Strategies & Market Trends : IPPs and Merchant Energy Co.s
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To: Braincramp who wrote (116)9/21/2002 2:20:24 PM
From: KyrosL  Read Replies (3) of 3358
 
The CFSB loan due in 2003 originally was a revolver due to expire in 2002, the banks refused to renew and was converted to a one year term loan that needs to be paid off in 2003. MIR is negotiating for a new smaller revolver to replace it, but Marce said they are planning assuming they won't get it.

Judging from the Lehman conference presentation, they have drawn down all their credit facilities. The figures I gave in my post are exact copies that Mirant provided in that conference about a couple of weeks ago.

Kyros
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