Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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To: Sultan who wrote (345)	10/3/2009 10:19:11 AM
From: kidl	of 724

Does anyone else get the feeling that this NR was written as a direct response to the various issues raised on this forum? lol One unanswered question remains: What's Versa actually putting into this deal? Sounds to me like the post-deal debt level will actually go up as a result of this deal. Current debt: $232 Mil less Forgiven debt: $14 Mil plus New revolver: $30 Mil plus New LOC facility: $10 Mil plus New total debt: $258 Mil Add to this the $ 14.5 Mil interim funding and the total debt for the new A-V comes to $272.5 Mil which is 17.5% higher than the debt A-V currently has. I must be missing something ... Am I?

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